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Analyzing Disney’s recent stock performance provides more insight into Peltz’s motives. The company's shares had been underperforming compared to the S&P 500, especially after the latest earnings call in May, when Disney’s stock dipped approximately 10% while the broader market gained around 3%. This underperformance aligns with Peltz’s concerns about Disney’s strategic direction and operational efficiency.
Interestingly, Disney stock has outperformed the S&P 500 year-to-date, up about 11%, yet the past month has seen a reversal, with Disney losing roughly 10% as the broader market gained. The dip from Disney's recent peaks and the current valuation near $100 a share suggest that Peltz might be observing the stock for potential re-entry, possibly waiting for a lower price point.