Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

A proxy statement filed on Friday revealed that Walt Disney Chief Executive Bob Igers compensation for fiscal 2017 dropped 17% compared to a year ago. Other company executives saw decreases in their total pay as well.

Walt Disney shares closed higher for a second consecutive trading session on Friday. The stock went up 1.33% ($1.48) to $112.47, after touching an intraday high at $112.72, or a price level not seen since January 4th ($113.00).

In the week ended on January 14th the shares of the entertainment company added 0.76% to their market value compared to a week ago, which marked a second consecutive period of gains.

The stock has extended its advance to 4.61% so far during the current month, following a 2.57% surge in December. The latter has been a second straight monthly gain, but yet, the smallest one since April 2017.

For the entire past year, the shares of the NYSE-listed company gained 3.16% following a 0.82% retreat in 2016.

Bob Iger received $36.28 million in total compensation during fiscal year 2017, or a decrease from $43.88 million during the preceding fiscal year.

Igers base salary remained without change at $2.5 million, while his stock awards were estimated at $8.98 million, almost unchanged as well. However, the CEOs non-equity incentive compensation shrank to $15.2 million in fiscal 2017 from $20 million in fiscal 2016.

At the same time, Christine McCarthy, Walt Disneys Chief Financial Officer, saw her total compensation shrink to $8.95 million in fiscal 2017 from $10.2 million in the prior year. An increase in her base salary was more than offset by a drop in bonuses.

Meanwhile, Chief Strategy Officer Kevin Mayers total compensation dropped to $8.4 million in fiscal 2017 from $10.1 million in fiscal 2016.

According to CNN Money, the 26 analysts, offering 12-month forecasts regarding Walt Disney’s stock price, have a median target of $117.50, with a high estimate of $135.00 and a low estimate of $90.00. The median estimate is a 4.47% surge compared to the closing price of $112.47 on January 12th.

The same media also reported that 16 out of 27 surveyed investment analysts had rated Walt Disney’s stock as “Buy”, while 8 – as “Hold”. On the other hand, 2 analysts had recommended selling the stock.

Daily and Weekly Pivot Levels

With the help of the Camarilla calculation method, todays levels of importance for the Walt Disney stock are presented as follows:

R1 – $112.63
R2 – $112.79
R3 (Range Resistance – Sell) – $112.94
R4 (Long Breakout) – $113.42
R5 (Breakout Target 1) – $113.97
R6 (Breakout Target 2) – $114.21

S1 – $112.31
S2 – $112.15
S3 (Range Support – Buy) – $112.00
S4 (Short Breakout) – $111.52
S5 (Breakout Target 1) – $110.97
S6 (Breakout Target 2) – $110.73

By using the traditional method of calculation, the weekly levels of importance for Walt Disney Company (DIS) are presented as follows:

Central Pivot Point – $111.40
R1 – $113.79
R2 – $115.11
R3 – $117.50
R4 – $119.89

S1 – $110.08
S2 – $107.69
S3 – $106.37
S4 – $105.05

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • USD/SGD hovers above 1-week low on US auto tariff relief hopesUSD/SGD hovers above 1-week low on US auto tariff relief hopes The USD/SGD currency pair hovered above a 1-week low of 1.3060 on Tuesday, as the Singapore Dollar advanced, tracking gains in other Asian currencies, after the Trump administration signaled a potential rollback of auto tariffs.The US […]
  • Forex Market: AUD/USD hits a one-week high on COVID-19 vaccine optimismForex Market: AUD/USD hits a one-week high on COVID-19 vaccine optimism AUD/USD, along with other risk assets, received a boost overnight after media reports stated that Moderna’s COVID-19 vaccine had had a 94.5% efficacy rate, according to preliminary results from a large late-stage clinical trial.The […]
  • Forex Market: USD/CAD daily trading forecastForex Market: USD/CAD daily trading forecast Friday’s trade saw USD/CAD within the range of 1.3153-1.3317. The pair closed at 1.3307, climbing 1.06% on a daily basis, while marking its third consecutive trading day of gains. The daily rate of increase has been the most notable one since […]
  • Oil weekly recap, December 23 – December 27Oil weekly recap, December 23 – December 27 West Texas Intermediate rose to a 2-1/2 month high on Friday and Brent settled at the highest level in four weeks after the Energy Information Administration reported a fourth consecutive weekly decline in US crude inventories in the seven […]
  • Gold drops on Draghi commentsGold drops on Draghi comments Gold traded in a narrow range throughout the day and hit a session low as the dollar pushed against the euro following Mario Draghis announcement on the future direction of ECBs monetary policy.Gold futures for August delivery traded at $1 […]
  • WTI Crude Remains Low After Surprising Inventory ReportWTI Crude Remains Low After Surprising Inventory Report According to the U.S. oil reserves report released today, crude inventories decreased by 624 000 barrels last week to 394,9 following its record amount since 1931. Economists expected a 450 000 barrels gain.Phil Flynn,senior market […]