Why Icahn may have sold Apple: Randall

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.”

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Read the full article at E-Commerce Times.
Barry Randall

Barry Randall

Crabtree Asset Management invests in growing technology companies. Barry Randall is the firm's founder and Chief Investment Officer. He has