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June 16, 2023
The entertainment and content production company is sharply lower after losing $1.56 (1.68%), tumbling down to $91.38 as it comes close to the end of the session.
New United States Initial Jobless Claims data fell short of the 250,000 projected by analysts with a reading of 262,000 while failing to improve upon the previous reading from last month (262,000).
This down-slide takes place despite the positive US macroeconomics indicators data that was published earlier — highly important Retail Sales data from United States beat analyst expectations of -0.1% with a reading of 0.3%.
Amid the market gloom, United States Philadelphia Fed Manufacturing Index (Jun) came out at -13.7, while a consensus of analysts was expecting -13.5.
Following today's trading session, chart analysis suggests Walt Disney could begin to recover as it approaches significant support, now 48 cents away from $91.86. Dipping below could be an indication that further losses are ahead.
Walt Disney's stock value drop coincides with Toyota is down to $164.5, losing 2.19%, after ending yesterday at $168.18.
Positive performances can be seen by looking at other consumer discretionary stocks as Nike is up 1.22%. McDonald's is trading at $294.86 after ending yesterday's session at $292.61 (up 0.77%).
The entertainment giant is now trading 25.62% below the significant high of $124.96 it set around 9 months ago.
