Billionaire Carl Icahn Buys $500M More of Apple
Submitted by Jon Reed on
Billionaire investor Carl Icahn saw a golden opportunity on Tuesday morning after Apple shares fell nearly 8% in after hours trading on Monday, and bought another $500 million worth of Apple stock. He announced to the Twitter world, "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."
This comes just a week after he purchased $1 billion worth of Apple. His total holdings in the tech giant now approach $4 billion. Icahn has voiced his displeasure with Apple in recent weeks, urging the company to use its enormous cash reserves