Ike Perlmutter Sells Entire Disney Stake Following Proxy Battle Defeat

The former Marvel chairman divested 25.6 million shares amid concerns over Disney's management and future stock performance.

Perlmutter sold his shares between early April and mid-July, averaging just under $115 per share.
He lost a proxy fight alongside activist investor Nelson Peltz, who also sold his Disney shares.
Perlmutter criticized Disney's management and indicated he might repurchase shares if prices fall to $65-$75.
Disney's stock has experienced significant volatility, with recent values around $90 per share.
Perlmutter's sale marks a notable exit of one of Disney's largest individual shareholders.