Disney Stock Hits 52-Week High, But Jim Cramer Sees A Red Flag: 'Trimming...Makes A Lot Of Sense'
Portfolio Pulse from Benzinga Neuro
Jim Cramer has advised investors to be cautious with Walt Disney Co (NYSE:DIS) stock, which has hit a 52-week high, due to concerns over the sustainability of its recent rally. Disney is currently facing a proxy battle with activist investor Nelson Peltz, and despite efforts to revitalize its film slate, Cramer suggests trimming positions in Disney stock.

March 06, 2024 | 4:52 am
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Jim Cramer's cautionary advice on Disney stock, despite its 52-week high, due to concerns over the sustainability of its rally and ongoing proxy battle.
Jim Cramer's advice to trim positions in Disney stock is based on the stock's recent performance and the ongoing proxy battle with Nelson Peltz. The stock has surged 25% this year, but Cramer questions the sustainability of this growth. The proxy battle and management's response to a box office slump, including project cancellations, add to the uncertainty around Disney's future performance. Cramer's influence and the public nature of his caution could lead to short-term negative sentiment among investors.
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