Billionaire activist investor Nelson Peltz has reportedly sold his entire stake in the Walt Disney Company. This decision comes after Peltz’s unsuccessful attempt to secure a board seat, a quest that ended in a public and decisive shareholder rejection earlier this April. Related: Disney Parks Go All-In on IP: Bob
Tag: Disney Stock
Disney Stock Closes Yesterday at Lowest Price in Nearly a Decade
Disney Stock Closes Yesterday at Lowest Price in Nearly a Decade As the final bell rang on Wall Street this Thursday, The Walt Disney Company (DIS) experienced a decline of 3.91% for the day, culminating at $82.47 per share—a figure not seen since 2014. To be exact, on October 16,
Walt Disney Company Stock hits a multi-year low after 4th Quarter Earnings Report
Walt Disney Company Stock hits a multi-year low after 4th Quarter Earnings Report According to Deadline, Disney stock has fallen more than 11% today on double its normal trading volume, as investors recalibrate their expectations in light of a shaky quarterly earnings report. The single-day plunge was the biggest for Disney shares
Disney Stock drops below $100 per share for the first time since 2020
Stocks for The Walt Disney Company have dropped below $100 for the first time since 2020. At the time of this writing, Disney Stocks are trading at just under $94 per share. Related – Visit all of the Disney Parks Around the World with private jet included The last time
Disney Stock Downgraded
The recent surge of COVID-19 cases has put reopening targets on hold for many U.S. companies. Even companies such as Walt Disney Co (NYSE: DIS) are reeling from the effects. On Thursday, an analyst at Cowen expressed their concern and downgraded Disney stock. Cowen analyst Doug Creutz downgraded Disney from Outperform to
Barbra Streisand Gifts George Floyd’s Daughter with Disney Stock
Barbra Streisand Gifts George Floyd’s Daughter with Disney Stock. Disney has an all new stockholder thanks to the generosity of actress, singer, and filmmaker, Barbra Streisand. The daughter of George Floyd, Gianna “Gigi” Floyd, has been named a stock holder for Disney as a gift from Streisand after the wrongful
Saudi Arabia Investment Fund Buys 5 Million Shares in Disney Stocks
A Saudi Arabian wealth fund revealed in a SEC filing how they’ve been pursuing the purchase of U.S. investments. The Securities and Exchange Commission showed how Saudi Arabia’s Pubic Investment Fund recently purchased more than 5 million shares of stock in the Walt Disney Company for under $500 million. To
Walt Disney Company Second Quarter Earnings Report
The Walt Disney Company reported earnings for its second fiscal quarter ended March 28, 2020. The company estimates a loss of more than $1 billion as the result of Disney theme parks closing worldwide. Overall, the Walt Disney Company estimates a loss of more than $1.4 billion between all of
Netflix now worth more than Disney
Netflix is currently worth more than Disney in the stock market. The streaming company reached an all-time high in the stock market on Wednesday, April 15th, 2020. Netflix has a current market capitalization of $187.3 billion, which tops Disney’s current market capitalization of $186.6 billion. Various research groups estimate that
Disney signs $5 Billion credit agreement with Citibank
Last Friday, the Walt Disney Company entered into a new credit agreement with Citibank. The 364-day credit agreement is for up to $5 billion. The filing at Securities and Exchange Commission showed the credit agreement matures on April 9th, 2021. It can be extended if needed. This maneuver helps provide
Disney Stock Prices Soar After Disney+ Launch
Disney+ launched this week and reached it’s 10 millionth subscriber within the first day. Naturally, the Walt Disney Co stock rose and it notched its biggest one-day gain in seven months! Disney DIS, -1.06% gained 7.3% to close at $148.72, an all-time high for the stock, on Wednesday. Shares of
Disney Plans to Buy Back Their Stock in 2014
The Walt Disney Co. will buy back up to $8 billion in stock next year. This will give a boost to investor returns, the company’s chief financial officer Jay Rasulo said. Rasulo cited confidence in the return on Disney‘s investments, and its stock price, which has increased from 25% to
