Walt Disney On Course To Lead Dow's August Losers

Walt Disney Co.'s stock is on track to be the biggest monthly-decliner among Dow Jones Industrial Average , after shedding 15% so far in August. That would be the worst monthly performance for the entertainment and media company's shares since it lost about 16% in October 2008, at the height of the financial crisis. The stock had closed at an all-time high of $121.69 on Aug. 4, at which point it was up 29% year to date. It started selling off the next session, a long with other media stocks, amid investor concerns and uncertainty regarding the impact of the recent rapid growth of over-the-top TV services. The stock was down 0.7% in afternoon trade. It was still up 8% year to date. Meanwhile, the Dow had dropped 6.6% this month, and was down 7.3% year to date. The next biggest August decliner within the Dow is Pfizer Inc.'s stock , which has lost 11%, while Wal-Mart Stores Inc. is a close third with a 10% loss in August.

Copyright © 2015 MarketWatch, Inc.