Walt Disney Co. Under Selling Pressure

Walt Disney Co.

shares are trading lower by $4.40 at $114.27 in Friday's session. The announcement of continued subsriber loss at ESPN coupled too high of expectations for the newest episode of Star Wars has the issue deeply in the red. Fofllowng a lower open, it managed a brief rally to $116.50 before more sellers came into the issue. So far, it has reached $113.71 and rebounded back into the $114 handle. That marks it lowest level for the issue since it bottomed on November 6 at $111.60. On that day, the issue was hit, when peer Tine Warner warned of lowered Q4 guidance.

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