Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Walt Disney Co shares valued at $466,400 were sold by Coleman Sonia L on May 09 ’24. At $106.00 per share, Coleman Sonia L sold 4,400 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, GORMAN JAMES P purchased 20,000 shares, netting a total of over 2,120,628 in proceeds. Following the buying of shares at $106.03 each, the insider now holds 20,467 shares.
Before that, Coleman Sonia L had sold 1,857 shares from its account. In a trade valued at $226,405, the Sr. EVP and Chief HR Officer traded Walt Disney Co shares for $121.92 each. Upon closing the transaction, the insider’s holdings decreased to 1,857 shares, worth approximately $0.47 million.
Analysts at UBS resumed the stock at ‘”a Buy”‘ outlook in a report released in late March. As of March 25, 2024, Barclays has increased its “an Equal weight” rating to a “an Overweight” for DIS. Earlier on February 08, 2024, Needham upgraded its rating. Their new recommendation was “a Buy” for DIS stock which previously was a “a Hold”.
Analyzing DIS Stock Performance
During the last five days, there has been a drop of approximately -6.06%. Over the course of the year, Walt Disney Co shares have jumped approximately 17.18%. 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 $114.15, while a 200-day SMA reached $96.02. Nevertheless, trading volume fell to 15.06 million shares from 15.24 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 104.75, which, if violated, would cause prices to drop to 103.70. In the upper region, resistance lies at 106.49. The next price resistance is at 107.18. RSI (Relative Strength Index) is 35.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.75, which suggests the price will decrease in the coming days. Percent R is at 87.51%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
