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 $42,667,113 were sold by IGER ROBERT A on Nov 22 ’24. At $114.57 per share, IGER ROBERT A sold 372,412 shares. The insider’s holdings dropped to 226,767 shares worth approximately $26.42 million following the completion of this transaction.
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Also, IGER ROBERT A purchased 372,412 shares, netting a total of over 42,667,125 in proceeds.
Before that, WOODFORD BRENT had sold 5,000 shares from its account. In a trade valued at $568,101, the EVP, Control, Fin Plan & Tax traded Walt Disney Co shares for $113.62 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $5.13 million.
As published in their initiating research note from Jefferies on December 05, 2024, Walt Disney Co [DIS] has been a Hold and the price target has been revised to $120. Analysts at Piper Sandler started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid October. As of October 01, 2024, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for DIS. Earlier on September 30, 2024, Seaport Research Partners upgraded its rating. Their new recommendation was “a Buy” for DIS stock which previously was a “a Neutral”.
Analyzing DIS Stock Performance
During the last five days, there has been a drop of approximately -0.94%. Over the course of the year, Walt Disney Co shares have jumped approximately 29.03%. 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 $101.83, while a 200-day SMA reached $102.10. Nevertheless, trading volume fell to 9.8 million shares from 0.28 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 115.95, which, if violated, would cause prices to drop to 115.40. In the upper region, resistance lies at 117.16. The next price resistance is at 117.82. RSI (Relative Strength Index) is 74.61 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.98, which suggests the price will decrease in the coming days. Percent R is at 25.42%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
