Walt Disney Co (NYSE:DIS) shares are trading marginally higher by 0.39% to $89.22 Tuesday morning. The stock rose on Monday amid reports of the company engaging former executives Kevin Mayer and Tom Staggs as advisors to current CEO Bob Iger to deal with the company’s legacy television businesses, including ESPN.
Mayer and Staggs were once considered potential successors to Bob Iger during his first stint as CEO but departed as their chances of getting the top job wilted, per a report by the Financial Times.
Traders and investors will also be watching for Disney’s upcoming second-quarter earnings report, confirmed for August 9 after the market close. Disney is expected to report EPS of $1.01 on revenue of $22.547 billion.
According to data from Benzinga Pro, DIS has a 52-week high of $126.48 and a 52-week low of $84.07.
