Tweets From A Billionaire Led To Immediate Spike In Apple’s Stock

Stock

Today, a couple of tweets by investor Carl Icahn made Apple’s stock (AAPL) surge, pushing the share price north of $493 which had opened at $470. The billionaire said that he has a large stake in Apple and has discussed a larger buyback with Apple CEO Tim Cook today. According to FastCompany, his Tweets alone sent the shares up more than 2% which, for Apple, is a pretty significant jump.

While Icahn’s bullishness is based partly on the idea of a “larger buyback”, it must be noted that that Apple already has a program to return $100 billion to shareholders by the end of 2015.

The impact of Icahn’s words was immediately picked up by the Twitterverse. Here’s a tweet from CNBC showing Apple’s pretty much expected response:

Sarah Frier from Bloomberg tweeted the following:

Apple’s stock is expected to rise when it unveils the next iPhone at a media event on September 10.

“Technology runs through my veins...” | Follow me: @DrUsmanQ usman@iPhoneinCanada.ca

  • Chrome262

    should of gotten Apple stock when it tanked back in the day, although I was only in my teens. but man after Steve came back I would of been rolling in it lol