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Walt Disney Down 4%

Shares of The Walt Disney Co. (DIS) are down 4 percent on Wednesday's trading. The stock has been negatively reacting to news of online streaming giant Netflix Inc. (NFLX) reporting its first quarterly subscriber loss in over 10 years.

Netflix said it lost about 200 thousand subscribers globally in the quarter, below its own forecast of 2.50 million additions, to end the quarter with 221.64 million subscribers. Looking ahead, the company expects to lose further 2.00 million subscribers in the second quarter of 2022.

Currently at $125.92, the stock has traded between $124.65 and $189.22 during the past 52 weeks.

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