Live On CNBC, Jim Labenthal Announces Bought More Walt Disney Co; Trimmed Paramount Global
Portfolio Pulse from Benzinga Newsdesk
Jim Labenthal announced on CNBC that he has bought more shares of Walt Disney Co. (DIS) and trimmed his position in Paramount Global (PARA).
August 12, 2024 | 4:33 pm
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POSITIVE IMPACT
Jim Labenthal has increased his position in Walt Disney Co., indicating confidence in the company's future performance.
Labenthal's purchase of more DIS shares suggests a positive outlook on the company's future, likely boosting investor sentiment and short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Jim Labenthal has trimmed his position in Paramount Global, which may indicate a less optimistic view on the company's short-term prospects.
Labenthal's decision to reduce his PARA holdings could be interpreted as a lack of confidence in the company's short-term performance, potentially leading to a negative impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100