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 | 6187 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
Black Market Takes Over the iPhone 6 Lines [Video]
Filmmaker Casey Neistat has posted a new vide...
iPhone 6 Slow Motion Wine Pour at 240fps [Video]
Check out this slow motion wine pour test of ...
Verizon iPhone 6 and iPhone 6 Plus Users Get Simultaneous Voice and Data
Verizon users who have the iPhone 6 and iPhon...
Apple Lists Out-of-Warranty Prices for Replacing Screen and Battery of the iPhone 6
Alien Blue Reddit Client App Gets Redesigned Inbox/Messages, Hold to Preview, iOS 8 Support