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11/21/2022, 11:05 AM (Source: TeleTrader)
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Disney up 8% premarket as Bob Iger returns as CEO

Shares of Walt Disney Company soared more than 8% in Monday's premarket trading after the company announced Bob Iger will reassume the role of CEO.

Iger, who stepped down as Disney CEO in 2020, agreed to replace his successor Bob Chapek effective immediately and will serve a two-year mandate.

Disney's stock rallied 8.40% to $99.51 at 5:01 am ET.

Baha Breaking News (BBN) / NP