Icahn says bigger buybacks can drive Apple shares to $700

Home Forums Icahn says bigger buybacks can drive Apple shares to $700

Viewing 0 reply threads
  • Author
    Posts
    • #2507
      Anonymous
      Inactive

      Technology News

      File photograph of Investor Carl Icahn speaking at the Wall Street Journal Deals & Deal Makers conference at the New York Stock ExchangeBy Edwin Chan and Jennifer Ablan SAN FRANCISCO/NEW YORK (Reuters) – Activist investor Carl Icahn said he has amassed a “large position” in Apple Inc and believes the stock could be worth as much as $700 a share if Chief Executive Tim Cook pushed for a larger stock buyback. The surprise revelation from the billionaire activist caused a stir on Wall Street and pushed Apple's stock almost 5 percent higher to close at a 7-month high of $489.57 on the Nasdaq on Tuesday. Icahn said on Twitter that he had a “nice conversation” with Cook on Tuesday and they planned to speak again soon. …


Viewing 0 reply threads
  • You must be logged in to reply to this topic.
Share
Tweet
Share
Pin