Click to Enlarge Activist Investor: Carl Icahn (Icahn Enterprises)
First on this list is Apple (AAPL), where likely the most famed activist investor of them all, Carl Icahn, continues to build a significant stake in the company’s stock.
Icahn has been involved in AAPL stock for some time now, and just yesterday said that he has bought an additional $500 million worth of Apple shares during the past two weeks. Reportedly, this puts Icahn’s current stake in AAPL stock at more than $3 billion.
Icahn’s basic request is that the company does more with its big pile of cash, preferably through buybacks.
On the chart, while AAPL stock hasn’t done much over the past few weeks of trading, it does remain bullishly positioned — as long as it can remain above the $500 mark in the medium term (blue box on chart), and above $540 in the immediate term. AAPL stock has a huge market capitalization and a big following, making it more difficult to influence change for an activist, but Icahn does have a good track record.