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Disney Stock Falters On Day 2 Of Bob Iger Reboot As Investors Gauge Impact Of CEO Shuffle

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deadline.com

Disney stock faded more than 1% on the second day of Bob Iger’s return engagement as CEO, reflecting investors’ divergent outlooks on the media giant’s prospects Shares in the Dow component finished at $96.21, down 1.4% on more than twice the normal trading volume.

The downbeat session made Disney one of the few laggards in the media sector during an overall up day for the broader market.

Iger’s stunning return to the company he led as CEO from 2005 and 2020, replacing Bob Chapek after an up-and-down two-and-a-half years has heartened many employees at the company as well as investors.

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