Disney in Danger as CEO Bob Iger Sells 80% of His Stock!

Disney CEO Bob Iger knows something we don't. Over the course of the last year, he has reassured share holders that things are turning around at the House of Mouse and they are refocused on generating profits. After the big investor's call in February, stocks have significantly rebounded, which is why it's so funny that Iger has been discovered to have offloaded an enormous share of his stock in the company.

Going from over 1 million shares to a measly 200,000 in less than a year is huge news, but it managed to stay under the radar until recently.

What is really going on at Disney?

Sources:
CNN: https://www.cnn.com/2024/02/07/business/disney-earnings-report-q1/index.html
Inside the Magic: https://insidethemagic.net/2024/02/disney-ceo-bob-iger-quietly-dumps-company-stock-before-billionaire-showdown-nk1/

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