Disney's Stock Has Risen More Than 20% In 2024 With Proxy Fight Brewing; ValueAct Capital Reaffirms Support Of Bob Iger Ahead Of April 3 Shareholder Meeting
After skidding to multi-year lows in late-2023, Disney stock has rebounded more than 20% thus far in 2024 as two activist investment firms have launched a proxy fight. The stock finished Thursday trading at 90.10, putting its gains at 22% for the year to date. Goosing the stock price is a stated goal of two activist investment firms that have taken aim at Disney’s top execs and board of directors ahead of the company’s annual shareholder meeting on April 3. I ...