Carl Icahn has just announced the purchase of another $500 million worth of Apple’s stock.
Just bought $500 mln more $AAPL shares. My buying seems to be going neck-and-neck with Apple’s buyback program, but hope they win that race.
Just bought $500 mln more $AAPL shares. My buying seems to be going neck-and-neck with Apple's buyback program, but hope they win that race.
— Carl Icahn (@Carl_C_Icahn) January 28, 2014
Just a week ago Icahn announced the purchased $500 million in shares bringing their investment in Apple to $3.6 billion. It should now be around $4.1 billion.
Icahn likely purchased shares taking advantage of the over 7% in Apple’s stock following its earnings report yesterday. He has been pushing the company to increase its stock buyback to $150 billion. His latest open letter to Apple shareholders.
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