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.
Let our friends at Destinations to Travel help you book your next Disney Vacation. They are the preferred Travel Agency of Chip and Company and Disney Addicts, and who we use ourselves.
Get started below for your FREE No Obligation Quote.
Book With our friends at Destinations to Travel
For the BEST in Disney, Universal, Dollywood, and SeaWorld Theme Park News, Entertainment, Merchandise & More follow us on, Facebook, Instagram, and Youtube. Don't forget to check out the Chip and Company Radio Network too!