December 27, 2024

Carl Icahn Buys Another $500 Million Worth of Apple Stock

Posted January 28, 2014 at 6:06pm by iClarified · 8147 views
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 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 on the matter can be read here.

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