Disney shares hit 2-year high following Bob Iger's return

Recently re-instated Disney CEO Bob Iger.
(Image credit: Charley Gallay/Getty Images for Disney)

The Walt Disney Company saw its stock price soar to a nearly two-year high on Monday, Bloomberg reported.

The surge in shares came almost immediately following the news that Disney had tapped former chairman Bob Iger to replace Bob Chapek as its CEO, an unexpected move that sent shockwaves through the entertainment industry.

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Justin Klawans, The Week US

 Justin Klawans has worked as a staff writer at The Week since 2022. He began his career covering local news before joining Newsweek as a breaking news reporter, where he wrote about politics, national and global affairs, business, crime, sports, film, television and other Hollywood news. Justin has also freelanced for outlets including Collider and United Press International.