Disney stock soars after Bob Iger returns as CEO

Disney stock soars after Bob Iger returns as CEO

Wall Street seems to love this comeback story.

Disney (DIS) stock soared early Monday, rising as much as 9% in early trading, after the media giant announced that former CEO Bob Iger will return to lead the company as its chief executive officer, effective immediately.

Iger replaces Bob Chapek, who has stepped down from his position after less than three years on the job.

Wall Street analysts, at first glance, appear optimistic the decision will improve the fortunes for a stock that has lagged…


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