Welcome to Extreme Investor Network, where we bring you unique insights and analysis on the latest trends in the world of finance and economics. Today, we’re diving into the recent turmoil at The Walt Disney Company, a beloved household brand that has been making headlines for all the wrong reasons.
Bob Chapek, who took over as CEO in 2020, faced heavy criticism for his implementation of a WOKE agenda that seemed to alienate Disney’s core audience. This ultimately led to his resignation in November 2022, signaling a shift in leadership back to the highly successful Bob Iger. However, the damage had been done, and the company’s stock has been on a downward trajectory ever since.
Currently, Disney’s stock is teetering on the edge, with a yearly closing below $82.25 potentially sending it crashing down to the $20-$21 range by 2028. Just last week, the stock dipped to $89.21 following a net loss reported for the second quarter. The company’s reputation has taken a hit amidst the WOKE controversy, further complicating its path to recovery.
As we look ahead, the future of Disney remains uncertain. A weekly closing above $102 may signal a period of consolidation, but a year-end closing below $105.85 could indicate continued vulnerability heading into 2025. With an impending recession looming and the potential impact on theme park sales, investors are keeping a close eye on Disney’s next moves.
Stay tuned to Extreme Investor Network for more updates on this developing story and expert analysis on how it may impact the broader economic landscape. Don’t miss out on our exclusive content and unique insights that set us apart from the rest. Join our network today and take your investment strategy to the next level.