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(Bloomberg) -- As Walt Disney Co. looks set to conclude a showdown over the composition of its board, bulls have sent the stock soaring. Most Read from BloombergA Million Simulations, One Verdict for US Economy: Debt Danger AheadTrump Media’s Business Doesn’t MatterIran Vows to Punish Israel for Strike on Embassy in SyriaCaribbean Golden Passport Cost Soars to $200,000 on EU CrackdownErdogan Suffers Historic Loss in Turkey Municipal ElectionsThe shares have rallied nearly 35% this year, more tha

Other than "Avatar: The Way of Water," Disney has not had a movie generate more than $1 billion since the last Star Wars movies in 2019.

The Walt Disney Co. (NYSE: DIS) shares have been surging to 52-week highs, but not necessarily due to material improvements in operations. There is a proxy war being undertaken between billionaire activist investor Nelson Peltz of the Trian Fund and the Walt Disney CEO Bob Iger.

A bitter fight over the future of Disney is set to be decided this week as one of the most expensive proxy battles ever comes to a head at a high-stakes shareholder vote on Wednesday.

Disney CEO Bob Iger appears to have the upper hand in his effort to stave off a proxy battle from activist investor Nelson Peltz's Trian Partners.