Disney - insider trading alert
An interesting board member buying the dip?
After we reported to you a few months ago that one of Disney's largest investors (Nelson Peltz) sold all his holdings in the company, the stock plummeted and is currently trading at its lowest levels since the coronavirus pandemic.
And now: an interesting update
Calvin McDonald, CEO of the sportswear brand Lululemon ($LULU) and a significant board member at Disney ($DIS), purchased $1,000,000 worth of $DIS shares a few days ago at a price of $85.
This is his first purchase in over 12 months.
Buying the dip? Disney stock is trading near its lowest levels since the coronavirus in March 2020.
What does he know that we don't?
Monitoring