Disney Stock Remains Steady Amid News of Upcoming CEO Succession

The Walt Disney Company‘s stock has shown minimal movement in response to the recent announcement that the company will name a successor to CEO Bob Iger in early 2026. As of premarket trading on October 21, 2024, Disney shares were trading 0.1% higher, reflecting a stable market reaction to the news.

Despite the impending change in leadership, Disney’s stock has performed relatively well in 2024. Through Friday, October 20, the stock had gained 7.7% for the year, outpacing some broader market indices. The stock closed Friday at a three-month high, with the current market capitalization standing at $176.43 billion.

The company’s stock price has been within a range of $96.05 to $97.54 on October 21, with a 52-week range of $79.23 to $123.74. The total shares outstanding and public float are both at 1.81 billion.

In addition to the CEO succession plans, Disney has also announced that James Gorman, who has been leading the search for Iger’s successor, will be elevated to the role of chairman. This move is part of the company’s strategic planning and leadership transition process.