Reported 1 day ago
Jim Cramer has expressed concerns about The Walt Disney Company (DIS) following the departure of activist investor Nelson Peltz, stating the stock has been on a 'one-way trip to the danger zone'. Since Peltz left, Disney's shares have fallen notably, reflecting ongoing risks in the current market environment. Cramer highlights the challenges faced by families wanting to vacation at Disney amidst rising costs, suggesting potential further declines in the stock price, while also noting some AI stocks may present better investment opportunities.
Source: YAHOO