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My findings on whether Disney Stock has dropped & who owns it...

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kerry-is-my-prez Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-08-06 07:14 PM
Original message
My findings on whether Disney Stock has dropped & who owns it...
It looks as if the stock has definitely dropped somewhat since this controversy has happened. Not by a HUGE amount but it did seem to have been holding pretty steady certain price range and then all of a sudden it had a definite drop on the 6th-8th - when the controversy began.

http://finance.yahoo.com/q/bc?s=DIS&t=5d&l=on&z=m&q=l&c=
http://finance.yahoo.com/q/bc?s=DIS&t=3m&l=on&z=m&q=l&c=

The volume (trading activity on it) has dropped a lot. The average Volume is 10,342,400 and all of a sudden it went way down to 4,890,800 on the 6th, 6,629,000 on the 7th, 7,422,700 on the 8th. This usually means that people are kind of waiting and seeing and are "spooked."

During the market "crashes" most of the big players just sat and waited and were sort of afraid to do anything for a couple of days.

Most of the stock - 69% is owned by Institutional Investers and Mutual Funds - these companies are all about the bottom line. Traditionally, these companies bread and butter clients are pensioneers, employees via their 401k's and HUGELY wealthy people (Rockefellers, etc.)

http://finance.yahoo.com/q/mh?s=DIS

The Individual who owns the largest amount is Michael Eisner (about 14 million shares) and the rest of the major shareholders only own a drop in the bucket (Bob Iger only 166,576 shares, Thomas Staggs 103,005 shares, Peter Murphy 93,642 shares, George Mitchell 74,324). I don't even see Steven Jobs in there at all. He only recently became a shareholder in Jan 2006 and went on the companies board.

However, since the stock is $29.58 per share that would be a LOT of money to any individual. My guess is that it would be a pretty big blow to George Mitchell (that's over $2 million dollars) and for Eisner BIIIIG gobs of money.

The Investment Companies who own the most stock in their portfolios are Fidelity, State Street, Barclays Global Investors UK Holdings, Wellington, Legg Mason.

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MisoWeaver Donating Member (99 posts) Send PM | Profile | Ignore Fri Sep-08-06 07:18 PM
Response to Original message
1. What it means is...
that the smart ones are staying out while the dumb ones are selling. When the price has gone down enought for a good profit the smart ones will buy.

emotionial investing is the surest way to lose money.
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kerry-is-my-prez Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-08-06 07:42 PM
Response to Reply #1
2. A lot of these institutional investors don't operate that way though.
They don't tend to make big moves all of a sudden unless the world is caving in. They own so much disney stock that they really couldn't sell it all in a short amount of time.

The littler guys are more the ones who buy and sell at the drop of a hat.
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BleedingHeartPatriot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-08-06 07:44 PM
Response to Reply #1
3. Perhaps, they're not "dumb" as you suggest. They may be divesting
Edited on Fri Sep-08-06 07:47 PM by BleedingHeartPatriot
themselves of their shares to break from being associated with, and supporting a corrupt corporation, fully recognizing the fiscal risk and deciding that their personal integrity is worth it. MKJ
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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-08-06 07:51 PM
Response to Original message
4. Maybe we should attack Michael Eisner!
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kerry-is-my-prez Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-08-06 08:14 PM
Response to Reply #4
5. But he was booted as the CEO and Iger took his place so it's difficult
n/t
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