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Disney Stock Drops Due to Underperforming ‘Avatar’ Opening Weekend
Disney shares dropped, hitting a 52-week low after James Cameron’s “Avatar: The Way of Water” fell short of box office expectations over the weekend.
At this time shares of Disney are trading at 85 per share which is down $10 from last week.
Related – ‘Avatar 2’ Makes a Splash at the Box Office Earning $135 Million Over Opening Weekend
‘James Cameron’s ‘Avatar: The Way of Water launched in theaters this past weekend, earning a little under $135 Million domestically, with global earnings estimated at around $435 Million.
While Disney’s stock had risen during the pandemic when former CEO Bob Chapek helped weather the storm — reaching above $200 per share at one point in 2021 — it has since fallen according to CNBC.
Related – Bob Iger had been working with Disney Executives to oust Bob Chapek for some time
Did you see Avatar: The Way of Water this past weekend? You can read our official spoiler-free review here.
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