Disney Stock Takes Massive Hit as Billionaire Investor Sells 26 Million Shares, Future of Company in Question

A billionaire who was a former chairman of Marvel Entertainment has recently dumped his 26 million shares of stock, leading many to believe that The Walt Disney Company might be heading toward financial trouble. Ike Perlmutter, former chairman of Marvel Entertainment, has divested his entire stake in Walt Disney Co. NYSE: DIS. According to a report by The Wall Street Journal, Perlmutter sold his...

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