Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Walt Disney Co shares valued at $226,405 were sold by Coleman Sonia L on Apr 01 ’24. At $121.92 per share, Coleman Sonia L sold 1,857 shares. The insider’s holdings dropped to 4,400 shares worth approximately $0.52 million following the completion of this transaction.
Also, WOODFORD BRENT sold 4,792 shares, netting a total of over 539,087 in proceeds. Following the sale of shares at $112.50 each, the insider now holds 38,493 shares.
Before that, Coleman Sonia L had sold 898 shares from its account. In a trade valued at $80,919, the Sr. EVP and Chief HR Officer traded Walt Disney Co shares for $90.11 each. Upon closing the transaction, the insider’s holdings decreased to 898 shares, worth approximately $0.22 million.
As published in a research note from UBS on March 27, 2024, Walt Disney Co [DIS] has been retained to a Buy and the price target has been revised to $140. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in late March. As of February 08, 2024, Needham has increased its “Hold” rating to a “Buy” for DIS. Earlier on October 16, 2023, UBS resumed its rating. Their recommendation was “a Buy” for DIS stock.
Analyzing DIS Stock Performance
During the last five days, there has been a drop of approximately -3.22%. Over the course of the year, Walt Disney Co shares have jumped approximately 29.68%. Shares of the company reached a 52-week high of $123.74 on 03/28/24 and a 52-week low of $88.68 on 01/11/24. A 50-day SMA is recorded $109.61, while a 200-day SMA reached $92.93. Nevertheless, trading volume fell to 13.78 million shares from 22.48 million shares the previous day.
Support And Resistance Levels for Walt Disney Co (DIS)
According to the 24-hour chart, there is a support level at 115.97, which, if violated, would cause prices to drop to 114.85. In the upper region, resistance lies at 119.20. The next price resistance is at 121.31. RSI (Relative Strength Index) is 55.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.60, which suggests the price will increase in the coming days. Percent R is at 53.89%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Walt Disney Co subject to short interest?
Stocks of Walt Disney Co saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.97 million shares to 18.65 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 17.68 million shares. A jump of 5.2% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.82 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.82.
