Disney Gets Downgraded After Coming 'Too Far, Too Fast'

Walt Disney (NYSE: DIS) is now more a stock for day traders instead of buy-and-hold investors, according to one analyst who downgraded the stock to underperform. Imperial Capital analyst David Miller said shares of the entertainment giant have "risen too far too fast" over the past month and a more temperate view of its theme park potential was needed. After hitting $79 a share in March, a level Disney's stock hasn't seen since 2014, the House of Mouse has climbed 53% and is up 21% in the last four weeks alone.