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Disney Shares Look Good; Will Layoffs Hurt? - Los Angeles Business Journal
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Disney Shares Look Good; Will Layoffs Hurt? - Los Angeles Business Journal
Shares of The Walt Disney Co. look as strong as a superhero, but the media company’s recent rounds of layoffs could act as an Achilles’ heel, some analysts warn. The Burbank-based company’s stock closed at $118.61 per share on June 12, up 0.67% compared to the previous day. Disney’s stock price has climbed since the news broke about the layoffs on June 2, closing at $112.95. It reached a 52-week low in April, at $80.10 a share. Many Wall Street …
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