Ron Burgundy Posted January 28, 2014 Share Posted January 28, 2014 (Reuters) - Activist investor Carl Icahn said he bought another half-billion dollars' worth of Apple Inc stock on Tuesday, his third investment in the iPhone maker in less than a week, which boosts his stake to more than $4 billion. On Tuesday, he tweeted: "Just bought $500 million more $AAPL shares." "My buying seems to be going neck-and-neck with Apple's buyback program, but hope they win that race." Icahn is waging a public campaign to get Apple to return more cash to shareholders, and has filed a resolution proposing that it gives back $50 billion more through share buybacks. Apple, on its part, argues it already has one of the industry's largest capital-return programs in place. Shares of Apple slumped almost 8 percent to $508 in midday trading, walloped by lower-than-expected iPhone sales and a weak revenue forecast for the March quarter. View the full article Quote Link to comment Share on other sites More sharing options...
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