PARA - Can Disney Stock Bounce Back in September?
2023-08-31 11:00:00 ET
It's not easy being a Walt Disney (NYSE: DIS) shareholder these days. The stock is trading down for the third year in a row, and last week the iconic blue chip hit a fresh three-year low.
There's nothing stopping the House of Mouse from hitting a new three-year low next month, too. However, there are some reasons to approach the company's depressed share price as a buying opportunity. Let's go over some of the things that could break Disney's way in September that could get the stock moving in the right direction again.
Disney shares are down 26% over the past year, but some media stocks are faring even worse. Paramount Global (NASDAQ: PARA) has fallen 39% in that time. AMC Networks (NASDAQ: AMCX) is off a brutal 57%.
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Can Disney Stock Bounce Back in September?