Apple Recap: Icahn’s Plans, Records, and China Mobile
Shares of Apple’s (NASDAQ:AAPL) stock, which have been trading above key technical indicators since mid-September, closed up $4.69, or 0.97 percent, at $486.22 on Thursday. Here’s a cheat sheet to today’s top Apple stories:
Why Is Carl Icahn Meeting With Apple CEO Tim Cook?
Is an accelerated Apple share buyback program in the works? According to a recent tweet from CNBC, billionaire investor Carl Icahn will be meeting with Apple CEO Tim Cook in New York on Monday. Last month, Icahn tweeted: “Spoke to Tim. Planning dinner in September. Tim believes in buyback and is doing one. What will be discussed is magnitude.”
If CNBC’s sources are correct, it appears that Icahn’s dinner with Cook will take place on Monday. The activist investor recently added to his already significant position in the company when Apple’s stock price dipped immediately after its iPhone media event on September 10.However, Apple’s stock price has risen more than 2 percent since the company announced its higher-than-expected opening weekend sales numbers… (Read more.)