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