By Covestor Activist investor Carl Icahn this week said he will abandon his efforts to force Apple ( AAPL) to buy back $50 billion of its own stock. Barry Randall, who manages the Crabtree Technology portfolio on Covestor, told the E-Commerce Times he thinks Icahn is selling at least some of his stake in Apple. According to the report:
Icahn is “selling, and at a higher price than what he paid,” Barry Randall, Crabtree Technology model manager on Covestor, told the E-Commerce Times. “It’s what he does — and it’s almost certainly why he’s dropped his non-binding proposal for the $50 billion share repurchase.”full article at E-Commerce Times.
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