While “Avatar: The Way of Water” is making a run at box office fortune and glory, Walt Disney’s stock price has yet to recover from a stock tumble seemingly brought about by the sequel’s slightly softer-than-expected opening weekend.
“Avatar 2’s” $441 million global opening weekend, 16% below the potentially hyperbolic pre-release hopes of a $525 million worldwide launch, wasn’t big enough for Wall Street. The stock tumbled from $90.04 last Friday to $85.76 at market close on Monday, below any other point in 2022 and nearing the 52-week low of $84.69. It has since recovered slightly, closing Thursday with $86.67.