The shares of The Walt Disney Company sank by more than 11% on Wednesday following the release of its fourth-quarter financial results, which showed its revenue and net income missed market predictions.
As a result, the company's stock dropped to its lowest value since March 2020, when it recorded a similar decline.
Disney's shares plunged by 11.52% at 9:56 am ET to sell for $88.39 per share.
