Disney CEO and Apple Director Bob Iger Buys $1 Million of AAPL Stock
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'.