Carl Icahn, Who Can’t Stop Buying Apple Shares, Just Bought $500 Million More
Carl Icahn loves him some Apple stock. Just a week ago, in two separate Tweets, the activist investor announced that he had bought $1 billion more stock. Now he wants more. When Apple shares sank on disappointing earnings Tuesday, Icahn announced he grabbed another $500 million. Icahn’s Apple holdings will be about $4 billion after his new purchase, and it continues his policy of pushing the company to increase its share buyback program. Icahn tweeted, “My buying seems to be going neck-and-neck with Apple’s buyback program, but hope they win that race.”
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