Disney Stock Tumbles Amid Fallout From Florida Controversy

Disney Stock Tumbles Amid Fallout From Florida Controversy
Guests wear masks as required to attend the official reopening day of the Magic Kingdom at Walt Disney World in Lake Buena Vista, Fla, on, July 11, 2020. Joe Burbank/Orlando Sentinel via AP
Jack Phillips
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Disney stocks have tumbled so far in 2022 as the company waded into Florida’s political arena while Republicans in the state voted to revoke the firm’s self-governing status in the central portion of the state.

The stock hit all-time highs in March 2021, trading at $200 per share. But since then, it’s dropped more than a third to about $119 per share as of April 22, putting the media conglomerate on track to its lowest close in 17 months. As of April 19, Disney’s stock reached $131.90 but since then, it’s dropped more than $12 per share as of Friday.
Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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