DIS - Should You Buy Disney Stock Before April 3?
2024-03-06 11:45:00 ET
Walt Disney (NYSE: DIS) is finally in a good place. The stock hit another 52-week high on Tuesday. Disney's 25% gain in 2024 has nearly quadrupled the market's year-to-date gain. Momentum is finally on its side, but Disney shares would still need to shoot another 80% higher to take out the all-time highs it scored three years ago.
March may be a quiet month for the House of Mouse, but there's a big date approaching shortly after the page gets ripped from the calendar. Disney will host its annual shareholder meeting on April 3. With the media giant squaring off for a proxy battle with two different activist groups , it's a pretty big date for a company with an already colorful history.
Is Disney stock a buy now ahead of its shareholder meeting? Are you better off waiting until after the proxy battle concludes for greater clarity on Disney's future? Should you avoid Disney as an investment completely? Let's size up the opportunity of owning the iconic family entertainment bellwether before April 3.
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Should You Buy Disney Stock Before April 3?