Carl Icahn Buys Another $500 Million Worth of Apple Stock

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Posted January 28, 2014 at 6:06pm by Shalom Levytam

Carl Icahn has just announced the purchase of another $500 million worth of Apple's stock.

Just bought $500 mln more $AAPL shares. My buying seems to be going neck-and-neck with Apple's buyback program, but hope they win that race.

Just a week ago Icahn announced the purchased $500 million in shares bringing their investment in Apple to $3.6 billion. It should now be around $4.1 billion.

Icahn likely purchased shares taking advantage of the over 7% in Apple's stock following its earnings report yesterday. He has been pushing the company to increase its stock buyback to $150 billion. His latest open letter to Apple shareholders on the matter can be read here.

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Just bought $500 mln more $AAPL shares. My buying seems to be going neck-and-neck with Apple's buyback program, but hope they win that race.
— Carl Icahn (@Carl_C_Icahn) January 28, 2014

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gamerscul9870 - January 29, 2014 at 5:38pm

Apple's cash position is often a topic of interest for investors.

Nitro Junkie - February 2, 2014 at 6:13pm

It would take a long time for Apple to go broke with almost 200 billion in cash.

m_thoroughbred - January 28, 2014 at 11:57pm

Isn't that the whole point of investing? You wouldn't invest in something that would not make you a profit would you?

gamerscul9870 - January 28, 2014 at 8:55pm

Better be careful now, I hope he has a reason.

sidewinder - January 28, 2014 at 8:16pm

What is this guy trying to do?

Milan_iiiii - January 28, 2014 at 9:47pm

He is trying to get apple to buyback bulk of apple shares which would increase the price immediately. imagine his 4 billion invested in the stock that jumps up 30-40%? that a billion of profit… thats what he is doing.