clock menu more-arrow no yes

No Brainer: Icahn Amasses More Apple Shares

With Apple shares trading down more than seven percent on disappointing first-quarter iPhone sales, Carl Icahn, the company’s No. 1 fanboi, seized the opportunity to buy up more of its shares. In a Tuesday morning tweet, the gadfly investor who last week pushed his “no brainer” investment in Apple to $3.6 billion, said he has raised his stake again. “Just bought $500 mln more $AAPL shares,” Icahn tweeted. “My buying seems to be going neck-and-neck with Apple’s buyback program, but hope they win that race.”

This article originally appeared on Recode.net.

Understanding is critical

Help us explain the decisions that shape our lives. Give today to keep Vox free.