Disney shares drop as company delays reopening of California Disneyland

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Shares of Walt Disney Co dropped 2.4% on Thursday after the media company delayed the reopening of theme parks and resort hotels in California, following a surge in fresh COVID-19 cases in the state.

FILE PHOTO: Walt Disney Co's Disneyland and California Adventure theme parks in Southern California are now closed due to the global outbreak of coronavirus in Anaheim, California, U.S., March 14, 2020. REUTERS/Mike Blake

The reopening of Disneyland Park and Disney California Adventure Park that was earlier scheduled for July 17 will be delayed until Disneyland receives an approval from state officials, the company said. Last month, the company estimated that global lockdown measures aimed at tamping down the spread of the contagion slashed its profit by $1.4 billion, mostly from its shuttered theme parks.

Last week, Apple Inc said it is temporarily shutting some stores again in Florida, Arizona, South Carolina, and North Carolina.

 

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pdacosta Okay, so they fell. Unless someone thinks Disney will go out of business, the stock will some day go back up, so chill out.

Disney is racist and the company should be shut down for good.

Public health is more important than a stock portfolio

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