Walt Disney's Stock Set To Suffer Biggest-ever Price Drop

Walt Disney Co.'s stock is on track to suffer the biggest one-day price drop in its history, a day after closing at an all-time high, as investors jeered the entertainment company's fiscal third-quarter results. The stock tumbled $10.27, or 8.4%, to $111.42 in morning trade Wednesday, which is nearly double the second-biggest price drop of $5.67 suffered on Nov. 9, 2000. The selloff was also shaving off 69 points from the Dow Jones Industrial Average.