walt Disney Wednesday’s performance is likely to provide a clue as to whether the market sees the entertainment giant as too similar to its streaming rivals. Netflix Investors and analysts said the number of subscribers recently declined and the stock price fell.
Shares of the world’s largest entertainment company are approaching their lowest price in nearly two years as Disney prepares to report its fiscal Q2 earnings, and Disney ranks among the worst performing stocks on the Dow Jones Industrial Average over the past 12 months. became one. The company’s stock has fallen about 30% since the beginning of the year.