Walt Disney (DIS) stock has been struggling this year, falling more than 25% earlier this year before a summer rally. In recent weeks, the stock has just been treading water, leaving investors with minimal gains in 2025.
However, the chairman of Disney’s board of directors seems to have a bullish forecast on DIS stock. James Gorman, a former Morgan Stanley executive chairman who took over the leadership of Disney’s board nearly a year ago, purchased 18,000 shares of DIS stock, according to financial filings that valued the transaction at $2 million. Gorman purchased the shares at an average price of $111.89 and now holds just over 44,500 shares.
