Disney share price falls 3.9% to close at lowest level in nearly nine years
Also Read: Nvidia share price hits all time-high, short sellers lose $826 million On Thursday, around 321,000 Disney options contracts were traded, which was 1.4 times the average daily volume, according to data from options analytics firm Trade Alert. Trading sentiment leaned toward bearish bets with put options that would guard against the stock slipping below 80 by mid-September and mid-October, and were among the most actively traded contracts, Reuters reported.
Meanwhile, weakness in broader markets also weighed on Disney stock price as investors turned cautious ahead of US Federal Reserve Chair Jerome Powell's speech at Jackson Hole Symposium on Friday. (With inputs from Reuters)Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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