according to Find AlphaFormer Marvel Entertainment CEO and Chairman Ike Perlmutter has reportedly sold all of his shares in The Walt Disney Company.
Ike Perlmutter sells Disney shares
Perlmutter reportedly sold his 25.6 million shares after losing a proxy fight with the company along with activist investor Nelson Peltz. Perlmutter became Disney’s largest shareholder after the company acquired Marvel in 2009.
by The Wall Street JournalPerlmutter said he sold his shares because he has no confidence in Disney’s current management and believes the stock price will fall further, according to a report from Seeking Alpha. “If Disney’s stock price falls to $65 to $75 a share, he intends to buy back much of his previous holdings.”
Peltz also sold all of his Disney shares after losing a proxy fight in April 2024. Peltz has been campaigning for a seat on The Walt Disney Company’s board of directors and gained a controlling stake in Perlmutter in October 2023.
Disney stock ($DIS) is currently trading at $91.10 per share, down 3.24% in price on 07/23/2024.
Follow WDW News Today for the latest Disney Parks news and information. twitter, Facebookand Instagram.
