Kicking the stock while it’s down.
— Carl Icahn (@Carl_C_Icahn) April 28, 2016
Icahn announced that he’d bought a lot of Apple shares with a tweet in the summer of 2013 that gave the stock a 4.75% kick.
We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come.
— Carl Icahn (@Carl_C_Icahn) August 13, 2013
He announced that he’d sold his shares in a phone call yesterday to CNBC, which showed the stock falling as he spoke.
Icahn got into the stock to pressure Apple into releasing some of its billions of overseas cash to shareholders. He got his share and left. Good riddance.
Below: The Icahn years.
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