Disney's stock closes at a 9-year low, and it still may not be cheap

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Disney's stock closes at a 9-year low, and it still may not be cheap
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The media conglomerate's stock remains under pressure amid a host of challenges.

Shares of Walt Disney Co. DIS, -3.91% are flirting with what could become their lowest close since 2014. The stock was off 2.2%, trading at $83.95 in Thursday morning action, and thus on pace to finish lower than it did Dec. 28, 2022, when it ended the session at $84.17.

Disney shares haven’t closed lower than $84 since Oct. 17, 2014, when they finished at $83.83. They’re on pace for their lowest close since then, according to Dow Jones Market Data. Disney’s stock is down 58% from its all-time closing high of $201.91 that was set March 8, 2021.

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