Media

If You Invested $1000 in Disney at the Market Bottom, Now It Would Be Worth $7350

Wikimedia Commons (Jeremy Thompson)

One of the most difficult parts of trading is timing the markets, although in a bull market this is less of a problem. But it can be particularly difficult calling the market bottom in the middle of a bear market. 24/7 Wall St. is looking back to when the S&P 500 bottomed back in March 2009 to see how some of the major blue chips have fared since then.

Back on March 6, 2009, the S&P 500 bottomed out at 666.79, and from there began perhaps the biggest bull market of the modern era. At the most recent close, the S&P 500 was at 2,713.80, more than quadrupling its bottom nearly nine years ago.

So how does Walt Disney Co. (NYSE: DIS) compare?

On an adjusted close basis, Disney closed March 6, 2009, at $14.02 a share, or at $15.83 on an unadjusted basis. Disney closed Wednesday at $103.16 on an adjusted basis.

Disney’s growth over this nine-year period was very impressive, with shares gaining more than 625%. If you had invested $1,000 in Disney back then, you would have $7,358.06 as of Wednesday’s close.

Over the past 52 weeks, Disney has underperformed the broad markets, with its shares down about 6%. In just 2018 alone, Disney is down 4%.

Shares of Disney were last seen trading near $103, with a consensus analyst price target of $120.16 and a 52-week range of $96.20 to $116.10.

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.