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

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