Walt Disney Company Shares Fall On Monday: What You Need To Know

Shares of The Walt Disney Company DIS are trading lower Monday as Floridians face evacuation orders due to the approaching Category 5 Hurricane Milton. The state is still in the process of recovering from the damage left by Hurricane Helene just two weeks earlier.

Walt Disney World in Orlando, owned by The Walt Disney Company, faces potential closures due to the storm. As of Sunday, the park has restricted reservations for Tuesday and Wednesday, indicating preparation for potential shutdowns, which could result in missed revenue and refunds.

What To Know: Florida is bracing for Hurricane Milton, which is intensifying and could make landfall as a Category 4 or 5 storm on Wednesday. The storm’s growing size could affect a larger area of Florida compared to Hurricane Helene, exacerbating the damage and hindering recovery efforts.

Evacuation orders have been declared, with Hillsborough County, including Tampa, among the areas taking precautions. The storm could lead to the largest evacuation in Florida since 2017. Florida schools and state emergency agencies are taking significant steps to prepare for and mitigate the hurricane’s impact.

DIS Price Action: Disney shares were down by 3.39% at $91.93 at the time of writing, according to Benzinga Pro.

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