NTD Business (Aug. 25): Disney Closes at Lowest in 9 Years; States Propose Banning Chinese Land Ownership

Don Ma
By Don Ma
August 25, 2023NTD Business

Shares of Walt Disney fell 3.9 percent on Thursday, closing at their lowest level in nearly nine years, with some investors betting that a further price drop is on the cards in the next few months.

Disney stockholders are scrutinizing the company’s turnaround plan after chief Bob Iger earlier this month promised a mix of price hikes across its streaming properties, more ads, and cost cuts to lift the business.

Lawmakers across 33 states have put forth 81 bills this year, aiming to restrict Chinese citizens from buying properties near military bases.