AAPL Stock – Carl Icahn Takes Bigger Bite of Apple

by Karl Utermohlen | January 22, 2014 1:26 pm

AAPL Stock – Carl Icahn Takes Bigger Bite of Apple

Carl Icahn is pressuring Apple (AAPL[1]) to share its cash load with shareholders as AAPL stock posted gains early Wednesday afternoon.

The billionaire investor purchased $500 million in AAPL stock[2] over the last two weeks, increasing his company’s Apple stake to $3 billion. Icahn tweeted that Apple “is doing great disservice to shareholders by not having markedly increased its buyback.” He will follow this message up with an in-depth letter to the technology giants.

Carl Icahn said that his firm’s investment in AAPL stock is a “no brainer.” Apple shares are up 0.7% in early afternoon trading Wednesday despite being down 0.25% YTD.

Endnotes:
  1. AAPL: http://studio-5.financialcontent.com/investplace/quote?Symbol=AAPL
  2. $500 million in AAPL stock: http://www.usatoday.com/story/tech/2014/01/22/apple-icahn-buys-more/4772635/

Source URL: http://investorplace.com/2014/01/aapl-stock-carl-icahn-apple/
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