Shares of Disney (NYSE: DIS) were pulling back last month as a combination of factors weighed on the entertainment giant. Among them were a disastrous first-quarter earnings report from streaming rival Netflix (NASDAQ: NFLX), a broader pullback on the market on concerns about inflation and a potential recession, and a brewing political backlash in Florida where Gov. Ron DeSantis dissolved the special jurisdiction, Reedy Creek, that is home to the Walt Disney World complex. The biggest drag on Disney stock last month was Netflix's crash after its first-quarter earnings report came out. Read More...
Shares of Disney (NYSE: DIS) were pulling back last month as a combination of factors weighed on the entertainment giant. Among them were a disastrous first-quarter earnings report from streaming rival Netflix (NASDAQ: NFLX), a broader pullback on the market on concerns about inflation and a potential recession, and a brewing political backlash in Florida where Gov. Ron DeSantis dissolved the special jurisdiction, Reedy Creek, that is home to the Walt Disney World complex. The biggest drag on Disney stock last month was Netflix’s crash after its first-quarter earnings report came out.
