Recent Insider Activity Could Benefit Walt Disney Co (DIS)

Walt Disney Co’s recently made public that its EVP, Control, Fin Plan & Tax WOODFORD BRENT unloaded Company’s shares for reported $0.54 million on Feb 15 ’24. In the deal valued at $112.50 per share,4,792 shares were sold. As a result of this transaction, WOODFORD BRENT now holds 38,493 shares worth roughly $4.59 million.

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Then, Coleman Sonia L sold 898 shares, generating $80,919 in total proceeds. Upon selling the shares at $90.11, the Sr. EVP and Chief HR Officer now owns 1,861 shares.

Before that, WOODFORD BRENT sold 18,788 shares. Walt Disney Co shares valued at $1,747,096 were divested by the EVP, Control, Fin Plan & Tax at a price of $92.99 per share. As a result of the transaction, WOODFORD BRENT now holds 33,586 shares, worth roughly $4.01 million.

Barclays upgraded its Walt Disney Co [DIS] rating to an Overweight from a an Equal weight in a research note published on March 25, 2024; the price target was increased to $135 from $95. A number of analysts have revised their coverage, including Needham’s analysts, who increased its forecast for the stock in early February from “a Hold” to “a Buy”. UBS also remained covering DIS and reiterated its “Buy” recommendation on October 16, 2023. Seaport Research Partners started covering the stock on October 06, 2023. It rated DIS as “a Buy”.

Price Performance Review of DIS

On Monday, Walt Disney Co [NYSE:DIS] saw its stock jump 3.01% to $119.36. Over the last five days, the stock has gained 4.84%. Walt Disney Co shares have risen nearly 32.20% since the year began. Nevertheless, the stocks have risen 24.55% over the past one year. While a 52-week high of $117.66 was reached on 03/25/24, a 52-week low of $78.73 was recorded on 01/11/24. SMA at 50 days reached $105.69, while 200 days put it at $91.96. A total of 12.03 million shares were traded, compared to the trading of 7.14 million shares in the previous session.

Levels Of Support And Resistance For DIS Stock

The 24-hour chart illustrates a support level at 117.68, which if violated will result in even more drops to 116.01. On the upside, there is a resistance level at 120.22. A further resistance level may holdings at 121.09. The Relative Strength Index (RSI) on the 14-day chart is 75.85, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.84, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.49%. Stochastics %K at 90.09% indicates the stock is a selling.

How much short interest is there in Walt Disney Co?

A steep rise in short interest was recorded in Walt Disney Co stocks on Feb 29, 2024, dropping by -0.72 million shares to a total of 17.75 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 18.47 million shares. There was a decline of -4.06%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.97% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.25.

The most recent change occurred on October 06, 2023 when Bernstein began covering the stock and recommended ‘”an Outperform”‘ rating along with a $103 price target.

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