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 | 6799 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
StumbleUpon App Gets New Today Widget, Daily Discovery Push
The StumbleUpon app for iOS has been updated ...
University of Oklahoma Gets Campus Wide Apple Pay Support
The University of Oklahoma has announced supp...
New Apple TV to Support Bluetooth Gaming Controllers, Faster Wi-Fi, More
The new Apple TV will reportedly feature a re...
Apple and Cisco Announce Partnership to Deliver 'Fast Lane' for iOS Enterprise Users
The Mac Pro Can Run Six 4K Monitors at 60Hz With Just the Built-In Graphics Cards [Video]