Shares of Apple shot up by over 22 points on Tuesday following word that billionaire investor Carl Icahn had taken a large position in Apple. At one point during the trading day, shares of Apple reached $494 after starting the day trading at $471.50.
In a tweet sent out by Icahn himself on Tuesday afternoon, Icahn said:
We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come.
One hour later, Icahn tweeted the following:
Had a nice conversation with Tim Cook today. Discussed my opinion that a larger buyback shoul
