Disney Lower For Fifth Day In A Row

Walt Disney Co DIS shares are trading lower by $0.62 at $111.00 in Thursday's session. There is no specific news out on the issue to account for the decline.

The stock, which made its high for the recent move on April 27 at $116.10, posted its highest close for the move on that same day at $115.84.

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Disney's stock drifted lower over the next three sessions, but the move to the downside was accelerated Wednesday when it fell $2.75 from $114.37 to $111.62, in sympathy with other issues in the media sector.

After a lower open, the stock continued in that direction until bottomed at $109.06 and began to rally. That low coincides with its February 13 low of $108.90.

So far, the rebound off the low has yet to reach Wednesday's close ($111.62) as $111.30 stands as the high for the session as of 1:00 p.m. EST.