Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. The Walt Disney Company shares valued at $117,818 were sold by WOODFORD BRENT on Feb 21. At $103.44 per share, WOODFORD BRENT sold 1,139 shares. The insider’s holdings dropped to 30,908 shares worth approximately $3.06 million following the completion of this transaction.
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Also, WOODFORD BRENT sold 1,139 shares, netting a total of over 120,408 in proceeds. Following the sale of shares at $105.71 each, the insider now holds 32,047 shares.
Before that, McCarthy Christine M had sold 42,533 shares from its account. In a trade valued at $4,187,799, the SEVP & Chief Financial Officer traded The Walt Disney Company shares for $98.46 each. Upon closing the transaction, the insider’s holdings decreased to 42,533 shares, worth approximately $17.99 million.
Analysts at Morgan Stanley resumed the stock at ‘”an Overweight”‘ outlook in a report released in mid December. As of November 21, 2022, MoffettNathanson has increased its “Market perform” rating to a “an Outperform” for DIS. Earlier on August 11, 2022, Guggenheim upgraded its rating. Their new recommendation was “a Buy” for DIS stock which previously was a “a Neutral”.
Analyzing DIS Stock Performance
On Thursday, The Walt Disney Company [NYSE: DIS] rose 0.39% to $98.92. The stock’s lowest price that day was $97.42, but it reached a high of $99.29 in the same session. During the last five days, there has been a drop of approximately -2.76%. Over the course of the year, The Walt Disney Company shares have jumped approximately 13.86%. Shares of the company reached a 52-week high of $118.18 on 02/09/23 and a 52-week low of $87.83 on 01/03/23. A 50-day SMA is recorded $100.24, while a 200-day SMA reached $101.79. Nevertheless, trading volume fell to 7.77 million shares from 7.9 million shares the previous day.
Support And Resistance Levels for The Walt Disney Company (DIS)
According to the 24-hour chart, there is a support level at 97.80, which, if violated, would cause prices to drop to 96.67. In the upper region, resistance lies at 99.67. The next price resistance is at 100.41. RSI (Relative Strength Index) is 36.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.33, which suggests the price will decrease in the coming days. Percent R is at 87.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is The Walt Disney Company subject to short interest?
Stocks of The Walt Disney Company saw a sharp steep in short interest on Jan 30, 2023 dropping by -4.47 million shares to 15.96 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 20.43 million shares. A decline of -28.01% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.39 of the overall float, the days-to-cover ratio (short ratio) decline to 1.39.
Which companies own the most shares of The Walt Disney Company (DIS)?
According to The Vanguard Group, Inc. filings, the company currently owns 138,851,722 shares, which is about 7.60% of the total DIS shares outstanding. The investor’s shares have appreciated by 2,237,457 from its previous 13-F filing of 136614265.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $8,318,730,584. SSgA Funds Management, Inc. acquire a 1.01% interest valued at $7.67 billion while State Farm Investment Management 0 stake. In its current portfolio, Northern Trust Investments, Inc. holds 21,436,897 shares valued at $2.33 billion.