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 | 6643 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
The Weather Channel App Gets Apple Watch Support
The Weather Channel has released an app for t...
Journalist Accidentally Buys Xbox One Using Apple Watch During Live Demo [Video]
Hulu Plus App Updated With New Navigation, Handoff Support
The Hulu Plus app has been updated with new n...
Apple Plans to Launch the Apple Watch in Additional Countries in Late June
Apple Expands Its Capital Return Program to $200 Billion
Apple today announced that its Board of Direc...