Carl Icahn Apple Stock: Icahn Takes ‘Large Position’ in Company, Stock Increases 4 Percent

Carl Icahn Apple Stock: Icahn Takes ‘Large Position’ in Company, Stock Increases 4 Percent
Zachary Stieber
Zachary Stieber
Senior Reporter
|Updated:

Apple stock rallied about 4 percent after billionaire investor Carl Icahn tweeted that he took a “large position” in the company.

“We currently have a large position in APPLE,” said Icahn. “We believe the company to be extremely undervalued.”

Icahn said he had a “nice conversation” with Apple CEO Tim Cook and discussed his opinion that a larger buyback should be done now.

“We plan to speak again shortly,” said Icahn.

According to stock information on Google, Apple stock increased from just under $470 a share at the beginning of the day up to $486 as of 2:54 p.m. EDT. The biggest spike came right after Icahn sent his tweet.

 

 

 

Zachary Stieber
Zachary Stieber
Senior Reporter
Zachary Stieber is a senior reporter for The Epoch Times based in Maryland. He covers U.S. and world news. Contact Zachary at [email protected]
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