Disney CEO Bob Iger Buys $1 Million in Apple Stock

Posted by at 4:38 pm on November 24, 2012

Disney CEO Bob Iger has bought $1 million in Apple stock, according to a filing with the US Securities and Exchange Commission. The transaction comes just a week after Iger’s sale of 1 million shares in Disney, pulling in a net $17.9 million. Iger joined Apple’s board of directors in November 2011 as the company tried to fill in the gap left by former CEO Steve Jobs.

Regarding Iger’s Disney sell-off, a Disney spokeswoman has previously stated that the executive is “just diversifying his investments and still has a very large portfolio of Disney stock.” The extra investment in Apple — Iger bought $1 million in Apple shares a year ago — is presumably a part of that diversification. It may also serve as a sign of confidence in Apple, which has otherwise seen its shares slide significantly in the past several weeks

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