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Walt Disney Company (DIS) Falls: Stock Goes Down 6%

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The Walt Disney Company (DIS - Free Report) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for DIS, as the stock is now down nearly 18% since Aug 4.

Although this slump was obviously disappointing, the worldwide entertainment company has seen 8 positive revisions and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for DIS. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.

DIS currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

A better-ranked stock in the broader Consumer Discretionary space is Boyd Gaming Corporation (BYD - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy).

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