Disney CEO Bob Iger, who is on Apple’s Board of Directors, has purchased US$1 million worth of Apple shares, an SEC filing (http://macte.ch/Nhet3) reveals.
What makes it “really interesting,” according to “Business Insider” (“Reuters” (http://macte.ch/U9vP0) is that Iger exercised a million options on Disney stock last week, netting $17.9 million. “When an insider, like a board member, buys stock on the open market, it’s usually considered a bullish sign,” the article adds.
Iger also bought $1 million worth of shares a year ago at prices around $375 a share, shortly after joining Apple’s board.