Disney stock is the stock of Walt Disney Company, commonly known as Disney. The company is a multinational media conglomerate based in Burbank, California. Its headquarters are at the Walt Disney Studios complex. The company is known for its movies, television shows, and theme parks. Its shares are among the most popular investments in the world.
Earlier this year, Disney reported dismal financial results, but this quickly changed, and the company emerged with a booming streaming business and returning visitors in droves. However, Disney stock has since fallen by more than 30% year-to-date as investors became more pessimistic about the economy and tight fiscal policy. As a result, the company’s price-to-earnings ratio is now 70 percent lower than it was a year ago.
However, while Disney’s stock is a great choice for many investors, it does have its share of risks. The company’s history is rosier than the stock market’s, but the COVID-19 pandemic has negatively affected many companies. Therefore, it’s worth weighing your options carefully before deciding whether Disney stock is right for you.
Disney stock is a blue-chip stock, meaning it is considered a safe investment. Blue-chip stocks are large companies that have performed well for a long time and show no sign of slowing down. While blue-chip stocks are reliable equity investments, they do occasionally see dips, and Disney is no exception.