Disney Shares Acting Goofy Since Rallying To All-Time High

shares were trading lower by $0.70 at $108.52 in Tuesday's session. The issue has not been able to even come close to its all-time high that was made on May 5 ($113.30), the same day the company blew away estimates for EPS and revenue. In fact, it is much closer to the low that resulted in a post-earning smack down ($107.65) than its all-time high. Off the open, it briefly traded over Monday's close ($109.29), reaching $109.41 before reversing course. It then tested the prior low of the decline ($107.67), reaching $107.65 before rebounding back over $108. Wall Street analysts have been fairly quiet on the issue since its Q1 beat. For the most part, they maintain bullish ratings, but increased price targets to the $120-125 level.