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Walt Disney Co (DIS) rating downgrades by Seaport Research Partners

Walt Disney Co’s recent filing unveils that its Director MCDONALD CALVIN acquired Company’s shares for reported $1.0 million on Aug 08 ’24. In the deal valued at $85.06 per share,11,756 shares were bought. As a result of this transaction, MCDONALD CALVIN now holds 22,313 shares worth roughly $ 1.97 million.

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Then, Coleman Sonia L sold 4,400 shares, generating $466,400 in total proceeds. Upon selling the shares at $106.00, the Sr. EVP and Chief HR Officer now owns 0 shares.

Before that, GORMAN JAMES P bought 20,000 shares. Walt Disney Co shares valued at $2,120,628 were divested by the Director at a price of $106.03 per share. As a result of the transaction, GORMAN JAMES P now holds 20,467 shares, worth roughly $1.81 million.

Seaport Research Partners downgraded its Walt Disney Co [DIS] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who remained covering the stock and in early August has reiterated a ‘”an Overweight”‘ rating for it. MoffettNathanson also remained covering DIS and reiterated its “Buy” recommendation on July 02, 2024. Goldman started covering the stock on June 25, 2024. It rated DIS as “a Buy”.

Price Performance Review of DIS

On Monday, Walt Disney Co [NYSE:DIS] saw its stock jump 0.45% to $88.34. Over the last five days, the stock has lost -2.26%. Walt Disney Co shares have fallen nearly -2.16% since the year began. Nevertheless, the stocks have risen 9.64% 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 08/08/24. SMA at 50 days reached $91.95, while 200 days put it at $100.75.

Levels Of Support And Resistance For DIS Stock

The 24-hour chart illustrates a support level at 87.80, which if violated will result in even more drops to 87.27. On the upside, there is a resistance level at 88.88. A further resistance level may holdings at 89.42. The Relative Strength Index (RSI) on the 14-day chart is 42.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.80%. Stochastics %K at 9.85% indicates the stock is a buying.

How much short interest is there in Walt Disney Co?

A steep rise in short interest was recorded in Walt Disney Co stocks on 2024-08-15, dropping by -1.24 million shares to a total of 21.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 22.36 million shares. There was a decline of -5.89%, which implies that there is a negative sentiment for the stock.

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