Carl Icahn’s Multibillion-Dollar Tweet Boosts Apple Stock

[Steve williams]

By Aaron Pressman | The Exchange

Apple (AAPL) shares typically rally on earnings surprises and product announcements, but Tuesday we witnessed the power of a single tweet, one capable of moving the $445 billion stock up by as much as $17 billion.
Icahn Billionaire investor Carl Icahn, in a tweet posted at 2:21 p.m. ET, said he had bought Apple shares, an announcement that pushed the stock up from $475.76 to a high of $494.66 about an hour later. In total, that was a $17 billion move. "We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come," he wrote.
Icahn followed up with a second tweet a few minutes later explaining he’d had a "nice conversation" with Apple CEO Tim Cook and hoped the company would increase its stock buyback plan.
Apple closed at $489.55, meaning its market capitalization increased $12.5 billion from the time of Icahn’s initial tweet.

 

[FrantzM]

My skepticism about our Financial Markets grows even faster when I see these. Is this "market" sustainable? One so flicker and so given to fashion?

 

[Keith_W]

Well, anticipation is building up for Apple's announcement in a couple of weeks, where they are expected to announce a new flagship iPhone (5S?) and a newer low budget plastic iPhone (5C?). Maybe also an Apple watch. Outside chance of a retina iPad Mini, but that will probably be announced separately in a few months. The rumours so far would indicate that the new 5S might be a bit of a disappointment, with the major software tweak being a new skin for iOS - but as always, we'll have to wait and see.

 

[Steve williams]

Well, anticipation is building up for Apple's announcement in a couple of weeks, where they are expected to announce a new flagship iPhone (5S?) and a newer low budget plastic iPhone (5C?). Maybe also an Apple watch. Outside chance of a retina iPad Mini, but that will probably be announced separately in a few months. The rumours so far would indicate that the new 5S might be a bit of a disappointment, with the major software tweak being a new skin for iOS - but as always, we'll have to wait and see.

well the stock has had a big bump up over the past few weeks, so I am happy