Disney’s (NYSE: DIS) share price has risen nearly 8% on the news that former CEO Robert Iger is replacing Bob Chapek as CEO. Disney’s share price has collapsed over the last few months as spending at Disney+ offset the recovery in the parks and experiences division. The chart below shows the share price performance under Bob Iger and then Bob Chapek, along with the performance of the S&P 500 index. It’s easy to see why bringing Iger back should restore investor confidence.
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