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Stock Market Sell-Off: Is Disney a Buy?
Last year’s stock market sell-off led shares of The Walt Disney Company (NYSE: DIS) to plunge 44% over 12 months. While the decline was substantial, the entertainment company actually fared better than its biggest competitors, Netflix and Warner Bros. Discovery, which experienced stock declines of 51% and 62%, respectively, in 2022. Disney’s stock has shown signs of recovery since the start of 2023, rising over 10% year to date as investors grow optimistic about the entertainment industry again.