Disney (DIS) stock has looks oversold over the past few weeks. Things went from bad to ugly last week, as the stock fell in sync with Netflix (NFLX), which experienced its first round of subscriber losses in around a decade. Exacerbating the downfall in Disney stock was the broader market sell-off, and perfect storm of negative headlines surrounding the "Don't Say Gay" bill. With stocks retesting their March 2022 lows over fears of a rate-hike-induced recession, and a worsening of the crisis going on in Ukraine, investors have been quick to throw in the towel on DIS stock.
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