Billionaire activist investor Carl Icahn said he boosted his position in Apple on Wednesday as the stock suffered its second-worst tumble of the year.
“Apple is just a no brainer,” he said in an interview on CNBC. “It’s extremely cheap.”
Mr. Icahn said he bought “quite a bit” of shares on Wednesday when they were priced around $466.
Shares finished down 5.4% at $467.71 on more than twice the stock’s average daily trading volume
#$%$ market mk is all I can say