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 | 6554 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
New NYTimes Magazine App Released for iPhone
A new New York Times Magazine app has been re...
Apple Watch Takes Two Hours to Charge, Doesn't Display Notifications Unless It's On Your Wrist
New Apple Watch Details Leak
A collection of new Apple Watch details have ...
Jonathan Ive on Designing the Apple Watch
The Financial Times has posted a new profile ...
Japan Display Confirms New $1.4 Billion LCD Manufacturing Plant
Japan Display has confirmed that it will buil...