Walt Disney Co DIS shares are trading lower by $2.17 at $96.52 in Tuesday's session. Investors are exiting the issue as the top candidate to take over the reigns of the company, Thomas Staggs, has stepped down.
After a lower open, it managed to rally but found resistance well ahead of the lower-end of the Monday's range ($98.58), stalling at $97.61. Since reaching that level, it has come down to make a new low for the day at $96.42 and is not far off that level. That low is just above its March 23 low of $96.30.
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