jknezek
DIS Veteran
- Joined
- Dec 19, 2016
- Messages
- 2,130
Loving the spin machine.
It underperformed because of Star Wars fatigue. It was too sunny outside. Bad marketing campaign. They never intended on making money with this movie. Blah, blah, blah
Check out the financial sites for the real story. Money talks and BS walks so places like Seeking Alpha are cutting through the spin.
Disney stock is down 1% today. But I’m sure that has nothing to do with Solo, right?
As someone who works in finance I'd tell you that this really means very little. Since 2017 Disney has traded between 97 and 116, mostly between 100 and 110. Since January, despite the massive box office of BP and IW, the stock has fallen from 112 to as low as 97. Right now it sits at 101.33, we'll inside the range. Most of April was spent between 99 and 101, so Solo, has a minor impact on a massive company, is essentially a non-factor to today's move. Disney is basically mirroring the larger market today which is down close to 1% as well on much more important global news.
Attempts to link Disney's stock price to a single movie on a single day are simply irrelevant and display massive ignorance of how the stock market works. Sorry.