Sapphire company CEO sold shares days before iPhone 6 announcement
Posted by: Timothy Tibbetts on 10/08/2014 05:15 AM
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One day before Apple announced that its new iPhones would not use sapphire screens made by GT Advanced Technologies the supplier’s chief executive sold more than 9,000 shares of GT stock, for $160,000.
GT CEO Thomas Gutierrez sold the shares Sept. 8 at an average price of $17.38. The next day, after Apple’s announcement, GT shares fell 13% to $14.94. They the filed for bankruptcy protection, sending its shares down 93% to 80 cents.
Source: Wall Street Journal.
GT CEO Thomas Gutierrez sold the shares Sept. 8 at an average price of $17.38. The next day, after Apple’s announcement, GT shares fell 13% to $14.94. They the filed for bankruptcy protection, sending its shares down 93% to 80 cents.
Source: Wall Street Journal.
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