Robert (Bob) Iger, DIS’ CEO for the past 15 years, retired in February last year to be executive chairman of DIS’ board. Iger has been accredited with building Disney into one of the world’s largest and most admired media and entertainment companies, as well as with the successful launch of Disney+ in November 2019. DIS’ stock has gained 43.3% over the past year, and 15% over the past six months.
Iger’s personal trading activity on DIS shares have made investors skeptical, however. Iger sold $98.70 million of DIS shares on June 1. The sale has been characterized as an attempt by Iger to diversify his portfolio. However, many analysts think that with a lower stake in the company, Iger’s position as the executive chairman of the board might be compromised. DIS’ stock has declined 2.2% year-to-date and 3.8% over the past month.