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Potential Price Increase for Walt Disney Co (DIS) After Recent Insider Activity

Walt Disney Co’s recent filing unveils that its Chief Executive Officer IGER ROBERT A unloaded Company’s shares for reported $42.67 million on Nov 22 ’24. In the deal valued at $114.57 per share,372,412 shares were sold. As a result of this transaction, IGER ROBERT A now holds 226,767 shares worth roughly $25.99 million.

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Then, IGER ROBERT A bought 372,412 shares, generating $42,667,125 in total proceeds.

Before that, WOODFORD BRENT sold 5,000 shares. Walt Disney Co shares valued at $568,101 were divested by the EVP, Control, Fin Plan & Tax at a price of $113.62 per share. As a result of the transaction, WOODFORD BRENT now holds 44,055 shares, worth roughly $5.05 million.

Jefferies initiated its Walt Disney Co [DIS] rating to a Hold in a research note published on December 05, 2024; the price target was $120. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid October with a ‘”a Neutral”‘ rating. Raymond James also remained covering DIS and has decreased its forecast on October 01, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Seaport Research Partners revised its rating on September 30, 2024. It rated DIS as “a Buy” which previously was an “a Neutral”.

Price Performance Review of DIS

On Monday, Walt Disney Co [NYSE:DIS] saw its stock fall -1.82% to $114.61. Over the last five days, the stock has lost -2.18%. Walt Disney Co shares have risen nearly 26.94% since the year began. Nevertheless, the stocks have risen 24.10% over the past one year. While a 52-week high of $123.74 was reached on 03/28/24, a 52-week low of $83.91 was recorded on 08/08/24. SMA at 50 days reached $102.63, while 200 days put it at $102.18.

Levels Of Support And Resistance For DIS Stock

The 24-hour chart illustrates a support level at 113.29, which if violated will result in even more drops to 111.96. On the upside, there is a resistance level at 116.56. A further resistance level may holdings at 118.50. The Relative Strength Index (RSI) on the 14-day chart is 64.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.47%. Stochastics %K at 66.26% indicates the stock is a holding.

How much short interest is there in Walt Disney Co?

A steep rise in short interest was recorded in Walt Disney Co stocks on 2024-10-31, dropping by -3.07 million shares to a total of 17.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 20.61 million shares. There was a decline of -17.51%, which implies that there is a negative sentiment for the stock.

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