Disney CEO and Apple Director Bob Iger Buys $1 Million of AAPL Stock

Posted November 21, 2012 at 5:43pm by iClarified | Please help us and submit a translation by clicking here | 6241 views

Disney CEO Bob Iger who also sits on Apple's board of directors purchased $1 million worth of the company's stock on Monday.

Last week Iger exercised a million options on Disney stock netting $17.9 million.

“He’s just diversifying his investments and still has a very large portfolio of Disney stock,” Zenia Mucha, a Disney spokesperson, told Bloomberg at the time.

BusinessInsider notes that "when an insider, like a board member, buys stock on the open market, it's usually considered a bullish sign. Apple shares have slumped lately amid concerns of increasing competition and tightening profit margins."

Recently, Topeka Capital analyst Brian White called the recent sell-off of Apple stock 'insanely insane'.

Read More




Share
Add Comment
Gez Morgan - November 21, 2012 at 5:45pm
Annnnd nobody cares..
icla - November 22, 2012 at 4:11am
you cared enough to comment.
Follow iClarified
Lyft Ridesharing App Updated With Apple Pay Integration
Lyft, a popular ridesharing app, has been upd...
Chinese Authorities Reportedly Staging iCloud Phishing Attacks
Chinese authorities are reportedly staging iC...
Apple Sold 39.3 Million iPhones, 12.3 Million iPads, 5.5 Million Macs, and 2.6 Million iPods Last Quarter
Apple Reports Fourth Quarter Results: $42.1 Billion in Revenue, $8.5 Billion in Net Profit
Groupon App Gets Updated With Support for Apple Pay
Groupon has updated its app to let users make...