logo
  Join        Login             Stock Quote

Walt Disney (DIS) CEO Robert Iger Buys $1M Worth Of Apple (AAPL) Shares

 November 21, 2012 04:58 PM
 


(By Balaseshan) Walt Disney Co. (NYSE: DIS) Chief Executive Robert Iger purchased $1 million worth of shares of Apple Inc. (NASDAQ: AAPL), based on a Securities and Exchange Commission (SEC) filing. The shares were purchased for a price range of $562.13 to $565.0822.

According to Apple Insider, the purchase signals Iger is bullish in the wake of the stock's recent losses and comes just a week after he exercised a million options on Disney stock, which netted him $17.9 million.

[Related -Apple Inc. (AAPL): How Q1 Earnings Will Fare?]

Iger, who is a member of Apple's board, was instrumental in rebuilding the relationship between Disney and Steve Jobs' Pixar Animation Studios.He also worked with Jobs to bring Disney content to iTunes when other studios were hesitant to make a deal with Apple.

Last year, Iger bought $1 million worth of Apple shares, when the stick was priced at $375, coinciding with his joining Apple's board, which also awarded him more than $84,000 in stock, according to Business Insider.

[Related -Apple Inc. (AAPL): iPhone Trending into Another Carl Icahn Disappointment?]

"Those investors that have missed Apple or have been under-weight the stock, now have another opportunity to buy Apple before sentiment takes a turn for the positive during what has historically been the strongest quarter of the year for the stock," Topeka Capital Markets analyst Brian White wrote in a note seen by the Wall Street Journal last week.

White described the recent selloff of Apple shares as "insanely insane". White is bullish reasoning: the depressed valuation, new blockbuster products for the holiday season, the attractive long-term growth opportunities that lie ahead and the company's ability to distribute significant cash flow to investors, the WSJ reported.

DIS closed Wednesday's regular session up 0.50% at $48.68, while AAPL ended up 0.14% at $561.70.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageXerox Corp. (XRX): An Insider’s $500,000 Insider Buy

Last week was a healthy week of insider buying as 194 companies reported purchase records. The number read on...

article imageQihoo 360 Technology Co Ltd. (QIHU) Q2 Earnings Preview: A Green Monday

Qihoo 360 Technology Co Ltd. (NYSE:QIHU) will report its second quarter 2014 financial results on Monday, read on...

article imageSix Stocks that Could Outperform in the next 90 days

Earlier today, Goldman Sachs put out its list of the 50 stocks that Matter Most. It’s a list of the 50 read on...

article imageFoot Locker, Inc. (FL) Q2 Earnings Preview: Running Past the Street View

Foot Locker, Inc. (NYSE:FL) plans to report financial results for its second quarter ended August 2, 2014 read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.