DIS - Disney Stock Hits 52-Week High But Jim Cramer Sees A Red Flag: 'Trimming...Makes A Lot Of Sense' | Benzinga
The stock of Walt Disney Co (NYSE:DIS) has reached a 52-week high, but Jim Cramer has advised investors to be cautious.
What Happened: On Tuesday, Cramer, the host of CNBC’s “Mad Money,” suggested that it might be time to trim Disney’s stock, reported CNBC. The stock has surged by 25% this year but Cramer believes that the reasons behind this rally are questionable.
Disney is currently embroiled in a proxy battle with activist investor Nelson Peltz, who has been critical of the company’s management. Despite the stock’s recent gains, Cramer is skeptical about the sustainability of this growth.
See Also: Welcome To The ‘Memecoin Supercycle:’ Mad Crypto Money With Ivan
“I don’t want talk. I want action,” Cramer said.
“Trimming on strength makes a lot of sense.”
Why It ...