Disney Stock Still Up on Iger's Return. Will It Last?

Bob Iger's return as CEO pushed Disney stock up 10% on the news. But the leader's second go could be rocky.

disney signage
(Image credit: Getty Images)

It's been several days since Disney (DIS, $96.21) shocked the media and entertainment industry, not to mention the entire investment community, with news that former CEO Bob Iger was rejoining the company, ending Bob Chapek's two-year run in the top job. Disney stock opened Monday trading up 10% on the news. 

It has since lost some of those gains, but the company's share price remains up on the week, reversing weakness following its latest earnings report.

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Will Ashworth
Contributing Writer, Kiplinger.com

Will has written professionally for investment and finance publications in both the U.S. and Canada since 2004. A native of Toronto, Canada, his sole objective is to help people become better and more informed investors. Fascinated by how companies make money, he's a keen student of business history. Married and now living in Halifax, Nova Scotia, he's also got an interest in equity and debt crowdfunding.