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Sep. 19, 2023 at 8:05 PM EDT
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8 months ago
Disney Stock Drops
Walt Disney shares dropped Tuesday after the company announced plans to increase investment in its theme parks.
The stock (ticker: DIS) was down 3.22% to $82.28 on Tuesday.
The company said it plans to invest $60 billion over a decade on its Disney Parks Experiences and Products segment, a filing with the Securities and Exchange Commission showed Tuesday.
CEO Robert Iger has said the company has the ability to “absorb those costs and continue to grow the bottom line and look expansively at how we return value and capital to our shareholders.”