Why Is Disney (DIS) Down 3.7% Since Last Earnings Report?

It has been about a month since the last earnings report for Walt Disney (DIS) . Shares have lost about 3.7% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Disney due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Disney Q2 Earnings Beat Estimates, Revenues Rise Y/Y ...