It’s been a wild ride for the Walt Disney Company, but things have been starting to look up as of late.
Disney has continued to see a range of financial changes in the company in the aftermath of the pandemic. Along with the earnings from the parks and entertainment sectors, the company does place focus on its stocks.
According to Yahoo! News, Walt Disney Company Chairman Bob Iger sold stock market shares of the company worth $98.7 million on June 1st. This number is equal to 550,570 of his shares that were at an average price $179.21.
This cut his shares down by 50% to 555,865 as Iger looks to “diversity his portfolio” during the time he steps down from his position as the Walt Disney Chairman. When Bob Iger originally took the CEO role of the company before passing it off to Bob Chapek, he was able to help Disney’s stock rise sevenfold since 2005. Disney even noted, “The value of these shares reflects the significant shareholder value generated under his leadership.”
We’ll continue to give you updates on everything happening within the Walt Disney Company soon. In the meantime, you can stay tuned with All Ears for the latest Disney entertainment and news!
New characters have been added to Disney World’s Jungle Cruise
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