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However, the optimism was short-lived. Subsequent weeks saw Disney's stock fall sharply, coinciding with underwhelming box office results for films like The Marvels and Wish. These failures, coupled with global economic pressures, caused Disney's stock to slide, effectively wiping out earlier gains.
Support Levels and Market Analysts' Views
On the technical front, Disney's stock chart reveals a support level—a price point the market seems reluctant to let Disney fall below. This "support" indicates there's some market-level protection or perhaps speculative interest preventing further declines.