Apple reclaims $500 as Icahn Tweet lures in Main Street

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Apple reclaims $500 as Icahn Tweet lures in Main Street

Apple reclaims $500 as Icahn Tweet lures in Main Street
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Apple reclaims $500 as Icahn Tweet lures in Main Street

by Wochit 0:53 mins

With a single tweet billionaire investor Carl Icahn validated the power of social media and obliterated the notion of an efficient stock market. He also made himself more than $50M and 'unlocked value' to the tune of $22B for Apple. Activist investor Carl Icahn said via Twitter he has amassed a "large position" in Apple 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

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