Apple Largest US Equity Position of ETFs Wednesday, October 6, 8:02 AM ET, by Market News Video Staff According to ETFChannel.com's Top ETF Stock Components list, Apple (AAPL) is the single largest US ...
The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $1M by Robert A. Iger, Director at Apple Inc (NASDAQ:AAPL).
Iger bets big on AAPL:
Purchased
Insider
Title
Shares
Price/Share
Value
11/29/2011
Robert A. Iger
Director
2,670
$374.90
$1,000,973.23
Iger's average cost works out to $374.90/share. Shares of Apple Inc were changing hands at $421.92 at last check, trading down about 0.2% on Thursday. The chart below shows the one year performance of AAPL shares, versus its 200 day moving average:
Looking at the chart above, AAPL's low point in its 52 week range is $310.50 per share, with $427.75 as the 52 week high point — that compares with a last trade of $421.92.
AAPL operates in the Computers sector, among companies like Quantum Corp. (NYSE:QTM) which is up about 4.3% today, and Omnicell Inc (NASDAQ:OMCL) trading lower by about 1%. Below is a three month price history chart comparing the stock performance of AAPL, versus QTM and OMCL.
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