The House of Mouse just became the House of Misery as Walt Disney stock continues its utter collapse, leaving execs scrambling. Insider trading hints that investors are betting the bottom hasn’t been reached yet. Keep reading as we dig into the dramatic downfall of everyone’s favorite family entertainment brand.
As Disney stock careened to its lowest point in nearly a decade this week, Wall Street power players sent an ominous signal – they’re betting the worst is yet to come for the flailing Magic Kingdom.
Insider options trading tipped off the brutal forecast, with investors taking defensive stances for more share price carnage over the next few months. The negative trading activity coincided with Disney’s stock slipping below $83 on Thursday, reaching depths not seen since 2014.
So what has Wall Street turned so beastly on the once untouchable Disney? For the inside scoop, stay tuned as we analyze why shareholders have gone all grumpy on CEO Bob Iger.
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