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Carl Icahn Sells His Shares in Apple

CNBC:

Icahn said China’s attitude toward Apple largely drove him to exit his position.

“You worry a little bit — and maybe more than a little — about China’s attitude,” Icahn said, later adding that China’s government could “come in and make it very difficult for Apple to sell there … you can do pretty much what you want there.” He added, though, that if China “was basically steadied,” he would buy back into Apple. […]

Last May, Icahn said he had a $240 per share price target on Apple when it traded around $130 per share. As recently as September, Icahn told CNBC he considered buying more of the company’s stock, saying it looked cheap.

Friday, 29 April 2016