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Wajeeh Khan

As Trump Renews Calls for Jimmy Kimmel's Removal, What's Next for Disney Stock?

Jimmy Kimmel Disney DIS FCC Donald Trump

Disney (DIS) shares inched lower on April 28 as escalating political friction weighed on sentiment. On Tuesday, President Donald Trump renewed his demand for ABC to fire Jimmy Kimmel following a controversial monologue. 

DIS was briefly seen trading below its 20-day and 50-day moving averages (MAs) this morning, indicating the bears are attempting to take back control across multiple timeframes. 

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