Al Gore Buys $29 Million Worth Of Apple Stock Ahead Of Next Week’s Earnings

This is a discussion on Al Gore Buys $29 Million Worth Of Apple Stock Ahead Of Next Week’s Earnings within the Apple News forums, part of the Apple News Room category; No one tell former Vice President Al Gore that it’s a bad time to buy AAPL. He just exercised a big chunk of his Apple ...

Results 1 to 1 of 1
  1. #1
    Administrator
    Join Date
    Jul 2011
    Location
    Northern Michigan
    Posts
    25,446
    Member #
    1529
    Liked
    316 times

    Al Gore Buys $29 Million Worth Of Apple Stock Ahead Of Next Week’s Earnings


    No one tell former Vice President Al Gore that it’s a bad time to buy AAPL. He just exercised a big chunk of his Apple stock options, walking off with $29 million worth of shares at a steep discount.

    According to a filing with the Securities and Exchange Commission, Al Gore exercised options to purchase $59,000 shares of AAPL for just pennies on the dollar.

    Right now, at APPL’s current stock price of just $498.52 (down from a $700 high last year), those shares would cost around $29 million. Al Gore, however, got them for just $7.475 a share, or around $441,000 for the whole bundle.

    Quite the steep discount, but Al Gore, a longtime board member of Apple, Inc. is entitled. With Apple’s earnings set to be reported next week, Gore’s move might prove a canny one. Apple’s stock is perceived by many right now as being chronically undervalued by Wall Street. Moreover, Apple share price tends to plummet before earnings announcements, only to rise afterwards.

    1-18-13

    Source

  2. Ads

    Posts
    Many

Remove Ads

Ads

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Similar Threads

  1. Replies: 1
    Last Post: 04-16-2013, 03:49 AM
  2. Replies: 0
    Last Post: 01-01-2013, 06:52 PM
  3. Replies: 2
    Last Post: 11-14-2012, 01:35 PM
  4. Replies: 0
    Last Post: 10-21-2012, 08:26 AM
  5. Seagate Buys Data Storage Company LaCie For $186 Million
    By sparkyscott21 in forum Off-Topic
    Replies: 0
    Last Post: 05-23-2012, 02:27 PM

Contact Us
Back to top