Carl Icahn Takes a Bigger Bite of Apple

Influential investor buys $500 million more shares in the tech company

  • Share
  • Read Later

Superstar investor Carl Icahn has purchased $500 million more shares in Apple, bringing his total investments in the nation’s leading tech company to over $3 billion.

Icahn made the announcement on his Twitter account, calling the increase a “no brainer.”

Apple’s stock price has risen from $468 per share in August when Icahn first announced his investment in the company to around $550 per share today as the company has asserted its dominance in the U.S. market. Icahn has said he believes the company is undervalued, and has urged Apple to buy back shares to increase its market value.

MAGAZINE: The Original Wolf of Wall Street Carl Icahn Returns