The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Walt Disney Co shares valued at $999,994 were purchased by MCDONALD CALVIN on Aug 08 ’24. At $85.06 per share, MCDONALD CALVIN acquired 11,756 shares. The insider’s holdings grew to 22,313 shares worth approximately $2.21 million following the completion of this transaction.
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Also, Coleman Sonia L sold 4,400 shares, netting a total of over 466,400 in proceeds. Following the sale of shares at $106.00 each, the insider now holds 0 shares.
Before that, GORMAN JAMES P had added 20,000 shares to its account. In a trade valued at $2,120,628, the Director bought Walt Disney Co shares for $106.03 each. Upon closing the transaction, the insider’s holdings increased to 20,000 shares, worth approximately $2.02 million.
As published in their initiating research note from Piper Sandler on October 16, 2024, Walt Disney Co [DIS] has been a Neutral and the price target has been revised to $95. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early October. As of September 30, 2024, Seaport Research Partners has increased its “Neutral” rating to a “Buy” for DIS. Earlier on August 08, 2024, Seaport Research Partners downgraded its rating. Their new recommendation was “a Neutral” for DIS stock which previously was a “a Buy”.
Analyzing DIS Stock Performance
During the last five days, there has been a surge of approximately 4.01%. Over the course of the year, Walt Disney Co shares have jumped approximately 9.52%. Shares of the company reached a 52-week high of $123.74 on 03/28/24 and a 52-week low of $83.91 on 08/08/24. A 50-day SMA is recorded $93.52, while a 200-day SMA reached $101.22. Nevertheless, trading volume fell to 10.95 million shares from 6.56 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 98.22, which, if violated, would cause prices to drop to 97.54. In the upper region, resistance lies at 99.56. The next price resistance is at 100.22. RSI (Relative Strength Index) is 65.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.81, which suggests the price will decrease in the coming days. Percent R is at 13.98%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
