Nelson Peltz sells entire Disney stake weeks after losing proxy battle

Nelson Peltz sells entire Disney stake weeks after losing proxy battle

Bob Iger and Nelson Peltz.

CNBC

Activist investor Nelson Peltz has sold his entire stake in Disney, a person familiar with the matter tells CNBC.

Peltz sold all of his Disney stock at roughly $120 dollars a share, the person said, making about $1 billion on the position. The stock currently trades for about $100 per share.

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