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3 Blue Chip Stocks Currently More Than 40% Below Their 52-Week High
Some of the most solid stocks have faced their share of recent market turmoil, but which will turn around first?
Although they may not always offer investors the chance to make quick multiples on their money, blue chip stocks are popular for the stability (and often dividends) they provide. These large and typically stable companies provide a relatively safe space to park money and stand a good chance at making some profit in the long term. However, they are not always immune during times of extreme volatility, as evidenced by these three members of stock royalty, which are each trading more than 40% under their 52-week high.
The Walt Disney Company (DIS): Currently trading at $109.28, the Mouse is well under its 52-week high of $187.86 from last fall. In addition to the typical reasons that have negatively impacted markets, Disney has also been at odds with the State of Florida, home of their flagship amusement park, as Governor Ron DeSantis has the company squarely in his sights after receiving criticism for his “Don’t Say Gay” bill.
However, it’s far from all bad news for Disney, whose expansive reach has allowed them to accumulate lucrative projects. As Covid continues to play out, their parks should…
