DIS Jan 2025 95.000 put
| Previous close | 4.3500 |
| Open | 4.3000 |
| Bid | 4.1000 |
| Ask | 4.2000 |
| Strike | 95.00 |
| Expiry date | 2025-01-17 |
| Day's range | 4.2000 - 4.3500 |
| Contract range | N/A |
| Volume | |
| Open interest | 6.44k |
- Yahoo Finance Video
Iger is the right CEO to transform Disney: Analyst
Activist investor Nelson Peltz has sold off his entire stake in Disney (DIS) after the entertainment giant successfully fended off his proxy battle. Morningstar Senior Equity Analyst Matthew Dolgin joins Catalysts to discuss what this move means for the company and its future. Dolgin notes that while current Disney CEO Bob Iger says the company is on track to develop from the linear media landscape to the streaming world, it will continue to remain a challenge industry-wide. He adds, "We weren't sure if Peltz had the answer either," saying the company's transition is still "a work in progress." "He identified several missteps in the past, but those are easier to identify in retrospect. He didn't necessarily have solutions," Dolgin says of Peltz. He adds, "He thought that the company should do something with its non-sports entertainment linear network, so ABC, Disney Channel, FX, those types of stations. And we don't think that would have been the right move. They still make up about a third of the company's operating profit, so to get rid of that cash now, we don't think was the answer." Dolgin says bundling is key in the streaming era: "It actually ends up being the most cost-effective way for consumers." He explains that bundling delivers consumers more streamlined and efficient user experiences while providing great value. He believes that Bob Iger is the right CEO to transform the streaming industry, noting, "The most important thing is that someone with the entertainment background ... is critical to Disney's future." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
- Yahoo Finance Video
Stocks, Salesforce earnings, Peltz's Disney stake: 3 Things
Stocks (^DJI, ^IXIC, ^GSPC) don't seem so confident ahead of Thursday's market open on the likelihood of the Federal Reserve holding interest rates higher for longer. Additionally, US GDP (Gross Domestic Product) rose by 1.3% in the first quarter of 2024. Salesforce (CRM) shares have slid by over 16% after reporting mixed first-quarter earnings figures after the market close on Wednesday. The cloud computing company missed on its second-quarter earnings guidance. Activist investor Nelson Peltz sold off his entire stake in Disney (DIS) after losing his proxy battle to obtain a seat on the entertainment giant's board. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Investing.com
Midday movers: Salesforce, Kohl's and Agilent fall; Foot Locker, HP rise
(Updated - May 30, 2024 11:35 AM EDT)
