Apple (AAPL) Reclaims Key $500 Level

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Apple (AAPL) Could Increase Buyback by up to $90 Billion, Says RBC

August 15, 2013 11:34 AM UTC

(Updated - August 15, 2013 2:40 PM EDT)

On Tuesday, billionaire and activist Carl Icahn announced via twitter that he has taken a large stake in Apple (Nasdaq: AAPL). To anyone familiar with the financier's background, it was not a surprise to learn Icahn wants Apple to increase its buyback.

Apple currently has a buyback program of $60 billion, which it plans to complete by December 2015. Its... More

Apple, Inc. (AAPL) hits $500 for the first time since January

August 14, 2013 12:05 PM UTC

Apple, Inc. (NASDAQ: AAPL) hits $500 for the first time since January 2013.... More

UPDATE: Lee Cooperman Tells CNBC He's Back in Apple (AAPL), Agrees w/Icahn

August 14, 2013 11:54 AM UTC

(Updated - August 14, 2013 12:00 PM EDT)

Omega Advisors' Lee Cooperman told CNBC he agrees with Carl Icahn that Apple (Nasdaq: AAPL) is undervalued. Comments follow news on Tuesday that Icahn has a large stake in the tech giant.
... More

Cooperman's Omega Goes Back Small Into Apple (AAPL), Enters Ceasers (CZR), Liquidates Facebook (FB) (more...)

August 14, 2013 10:59 AM UTC

Leon Cooperman's Omega Advisors hedge fund released its 13F for the quarter ended June 30, 2013. Below is a summary of the fund's moves when compared to last quarter.

New Stakes
Apple, Inc. (NASDAQ: AAPL) new 31,000 share position
ASCENA RETL GRP (NASDAQ: ASNA) new 1,874,500 share position
CAESARS ENTMNT (NASDAQ: CZR) new 1,138,447 share position
GMX Resources, Inc. (: GMXRQ) new 212,971 share position
McKesson Corp. (NYSE: MCK) new 672,182 share position
New Residential Investment Corp. (NYSE: NRZ)... More

Icahn's Twitter Following Rips 40% Post Apple (AAPL)

August 14, 2013 10:21 AM UTC

Not only has Carl Icahn's tweet on Apple (Nasdaq: AAPL) boosted the stock value by some $25 billion and made the activist some $70 million in a matter of hours, but Icahn's status on Twitter has also had a huge jump.

Icahn now has 52,750... More

Icahn Unlikely to Woo Apple (AAPL) Into Larger Buyback, Dividend - UBS

August 14, 2013 7:47 AM UTC

Though activist investor Carl Icahn took a large stake in Apple (Nasdaq: AAPL), the ability for a larger buyback or richer dividend might not be in the cards.

UBS thinks that Icahn will likely not influence Apple to an adjusted capital... More

Reality Check: Apple (AAPL) May Be Un-Activatable

August 13, 2013 3:38 PM UTC

Given Apple (NASDAQ: AAPL) is surging 5.6% Tuesday on news that Carl Icahn has built a large stake, investors should be reminded that even an activist with Icahn's stature may not have much of an impact.

1. Activist David Eihorn of Greenlight... More

Icahn's Stake in Apple (AAPL) Rumored North of $1B, Sees Shares Rising Above $600

August 13, 2013 3:20 PM UTC

On Tuesday afternoon investors learned via twitter that Activist Carl Icahn has a large position in Apple (Nasdaq: AAPL). The activist's stake is rumored to be valued north of $1 billion and was accumulated over the last month, says Bloomberg. Reports also... More

Apple's (AAPL) Tim Cook Says Had Positive Conversation with Icahn

August 13, 2013 2:47 PM UTC

In an email statement, Apple (Nasdaq: AAPL) CEO Tim Cook said he had a very positive conversation with investor Carl Icahn. He also said he appreciates the interest and the investment. Comments follow news Icahn has a large stake in the tech giant.... More

Icahn, Apple (AAPL) and Twitter: A Social Lovefest

August 13, 2013 2:44 PM UTC

Carl Icahn delivered as promised on his next pick via Twitter... and it's a big one.

Today, the activist investor announced that he has a large new position in Apple (Nasdaq: AAPL) and wants the company to issue a larger stock... More

Icahn Reports Large Position in Apple (AAPL), Sees as Extremely Undervalued

August 13, 2013 2:23 PM UTC

(Updated - August 13, 2013 2:24 PM EDT)

Icahn Has Large Position in Apple (Nasdaq: AAPL).

According to his Twitter account: "We currently have a large position in APPLE. We believe... More