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 | 5089 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'.

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