The announcement today by Walt Disney CEO Disney Bog Iger on lowering earnings guidance plunged Disney stock which has already been in a downtrend.
His announcement that the company’s revenue and earnings would come more in line with 2016 results, stunned analysts who were expecting better numbers. The stock at the time of this article was down 3.8% on the news.
This article looks at a number of trades placed and how to approach profiting from a stock that plunges on earnings warnings or surprises.
This trade alert and ideas article is for FullyInformed Members.
Walt Disney Stock (DIS) Trade Alerts as Disney Plunges 3.8% on Earnings Warning – Sep 7 2017
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. You always trade at your own risk. The author assumes no liability for your investment decisions. Read the full disclaimer.
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