Learn more

CNBC host Jim Cramer says activist investor Nelson Peltz‘s recent defeat in his bid for a seat on the Walt Disney Co (NYSE:DIS) board has raised concerns about the company’s stock. What Happened: Cramer expressed his apprehension about Disney’s stock following Peltz’s failed attempt to secure two board seats at the company. The news of Peltz’s defeat was confirmed shortly after 1 p.m. ET on Wednesday, causing a $1.30 drop in Disney’s stock, reported CNBC. “A Peltz loss is worrisome to me because I think the stock has moved up a great deal, too fast for me,” Cramer said. “We have sold some and …

cuu