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

By Zachary Stieber
Zachary Stieber
Zachary Stieber
Reporter
Zachary Stieber covers U.S. news, including politics and court cases. He started at The Epoch Times as a New York City metro reporter.
August 13, 2013 Updated: July 18, 2015

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
Reporter
Zachary Stieber covers U.S. news, including politics and court cases. He started at The Epoch Times as a New York City metro reporter.