Disney (DIS) stock has whipsawed in 2024, and is now trading at multi-month lows. DIS was the top gainer in the Dow Jones Industrial Average ($DOWI) until about mid-April, but has since pared its gains, and is now among the worst-performing constituents of the price-weighted index.
Disney stock has been plagued by perennial underperformance, which is frustrating for long-term investors and bulls like myself. For instance, while the stock somehow managed a 4% gain last year, its returns have trailed that of the S&P 500 Index ($SPX) by a massive 19 percentage points over the course of 2024.
