Nelson Peltz sells entire Disney stake weeks after losing proxy battle

Activist investor Nelson Peltz has sold his entire stake in Disney, a person familiar with the matter tells CNBC. Peltz sold all of his Disney stock at close to $120 dollars a share, the person said, making about $1 billion on the position. The stock currently trades for about $100 per share. The exit comes weeks after Peltz's Trian Partners lost a proxy battle at Disney in early April as shareholders reelected the company's full slate of board nominees. Peltz had been seeking to elect himself and former Di ...