Disney's (DIS, $99.80) Iger to forego salary; Chapek to take pay cut amid COVID-19 crisis
Walt Disney Chairman Bob Iger would forego his salary amid the coronavirus pandemic. Bob Chapek, the company's chief executive last month, will take a 50% pay cut .
Iger will forgo his salary starting in April, as the entertainment company deals with the impact of the coronavirus pandemic.
According to a company email obtained by the Hollywood Reporter, Chapek's base salary as CEO is $2.5 million. Plus, he has an annual target bonus of $7.5 million and an annual long-term incentive grant of $15 million, according to the report. Chapek was named CEO in February, replacing Iger. Chapek was previously chairman of Disney’s parks, experiences and products segment.
Disney mentioned in its March 19 SEC filing, "There are certain limitations on our ability to mitigate the adverse financial impact of these items, including the fixed costs of our theme park business".
DIS's RSI Indicator sits in oversold zone for 4 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
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Notable companies
The most notable companies in this group are Netflix (NASDAQ:NFLX), Walt Disney Company (The) (NYSE:DIS), Roku (NASDAQ:ROKU), Paramount Global (NASDAQ:PARA), iQIYI (NASDAQ:IQ), HUYA (NYSE:HUYA), AMC Entertainment Holdings (NYSE:AMC).
Industry description
Movies/entertainment industry include companies that produce and distribute motion pictures, and companies that operate general entertainment facilities like amusement parks and bowling centers. Some companies in this industry also have professional sports franchises. Live Nation Entertainment, Inc., Liberty Media Corp. and Viacom Inc. are some of the biggest companies in this space.
Market Cap
The average market capitalization across the Movies/Entertainment Industry is 9.41B. The market cap for tickers in the group ranges from 134 to 262.83B. NFLX holds the highest valuation in this group at 262.83B. The lowest valued company is LRDG at 134.
High and low price notable news
The average weekly price growth across all stocks in the Movies/Entertainment Industry was 3%. For the same Industry, the average monthly price growth was 9%, and the average quarterly price growth was 9%. LDSN experienced the highest price growth at 380%, while NETWF experienced the biggest fall at -28%.
Volume
The average weekly volume growth across all stocks in the Movies/Entertainment Industry was -11%. For the same stocks of the Industry, the average monthly volume growth was -14% and the average quarterly volume growth was 58%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 52
P/E Growth Rating: 61
Price Growth Rating: 56
SMR Rating: 82
Profit Risk Rating: 86
Seasonality Score: 0 (-100 ... +100)