Corporate agitator Dan Loeb is once again bullish on Disney (DIS). According to a letter the activist investor sent to CEO Bob Chapek, Loeb's Third Point has repurchased "a significant stake" in the media giant, causing shares to rise 2%.

Loeb, who previously held a stake in the company from 2020 to early 2022, praised Disney's positive Q3 earnings results, citing strength in Disney's streaming business. https://finance.yahoo.com/...