The arrival of Bob Iger back at Disney has investors all excited and for the right reasons. Bob Iger is arguably the best CEO of the last two decades based on what he has done to Disney (NYSE:DIS) with stock prices surging past 180$ per share. DIS stock prices surged as much as 9% on Monday following the Sunday announcement.
Iger was reinstated as the CEO right after Chapek announced that he planned on making cuts in the company. Recent news from the company suggest that the company may be under pressure due to rising costs at its streaming service, Disney+. Further, the company’s earnings fell short of Wall Street’s expectations causing the stock prices to slump. Looking at the YTD performance for DIS stock, the stock was trading down nearly 40% year-to-date.
With Iger back, Wall Street may anticipate DIS stock to be back on track very soon.
Other companies in Walt Disney’s space includes: Roku (NASDAQ:ROKU), Cinemark Hldgs (NYSE:CNK), LiveOne (NASDAQ:LVO), Anghami (NASDAQ:ANGH) and Gaia (NASDAQ:GAIA).
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