Hot stocks to watch this afternoon: GPRO, HAS, MU >>> READ MORE

AAPL Stock – Carl Icahn Takes Bigger Bite of Apple

Icahn bought $500 million AAPL shares in the last two weeks


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

The billionaire investor purchased $500 million in AAPL stock 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.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC