Is This a Bad Sign for Walt Disney Stock?

An activist investor may have sold out at around the peak.Nelson Peltz is out. The activist investor who was trying to turn Walt Disney (DIS 0.33%) around has reportedly sold his shares of the company for $120 apiece, earning a profit of approximately $1 billion on the entertainment stock. After losing a proxy fight earlier this year, Peltz looks to have given up on his quest to change the trajectory of the business. But with Peltz claiming to see much more potential for Disney and its iconic brands and the ...