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Walt Disney Co (DIS) gets rating Resumed from JP Morgan

Walt Disney Co’s recently made public that its Sr. EVP and Chief HR Officer Coleman Sonia L unloaded Company’s shares for reported $0.23 million on Apr 01 ’24. In the deal valued at $121.92 per share,1,857 shares were sold. As a result of this transaction, Coleman Sonia L now holds 4,400 shares worth roughly $0.49 million.

Then, WOODFORD BRENT sold 4,792 shares, generating $539,087 in total proceeds. Upon selling the shares at $112.50, the EVP, Control, Fin Plan & Tax now owns 38,493 shares.

Before that, Coleman Sonia L sold 898 shares. Walt Disney Co shares valued at $80,919 were divested by the Sr. EVP and Chief HR Officer at a price of $90.11 per share. As a result of the transaction, Coleman Sonia L now holds 1,861 shares, worth roughly $0.21 million.

A number of analysts have revised their coverage, including UBS’s analysts, who remained covering the stock and in late March has reiterated a ‘”a Buy”‘ rating for it. Barclays also remained covering DIS and has increased its forecast on March 25, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Needham revised its rating on February 08, 2024. It rated DIS as “a Buy” which previously was an “a Hold”.

Price Performance Review of DIS

On Monday, Walt Disney Co [NYSE:DIS] saw its stock fall -0.58% to $112.08. Over the last five days, the stock has gained 0.08%. Walt Disney Co shares have risen nearly 24.13% since the year began. Nevertheless, the stocks have risen 12.16% over the past one year. While a 52-week high of $123.74 was reached on 03/28/24, a 52-week low of $78.73 was recorded on 01/11/24. SMA at 50 days reached $113.97, while 200 days put it at $95.07. A total of 7.16 million shares were traded, compared to the trading of 6.3 million shares in the previous session.

Levels Of Support And Resistance For DIS Stock

The 24-hour chart illustrates a support level at 110.32, which if violated will result in even more drops to 108.56. On the upside, there is a resistance level at 113.86. A further resistance level may holdings at 115.64. The Relative Strength Index (RSI) on the 14-day chart is 41.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.09%. Stochastics %K at 26.67% indicates the stock is a holding.

The most recent change occurred on October 16, 2023 when UBS resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $110.

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