Apple Inc. (AAPL) Stock Is “Extremely Cheap”, Icahn Buys More

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HFA Staff
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Carl Icahn

Carl Icahn bought more Apple Inc. (NASDAQ:AAPL) stock yesterday, according to the man himself. The hedge fund veteran told CNBC on Wednesday that he has purchased more shares in the Cupertino company after it traded below $470. Icahn called the additional investment in Apple Inc. (NASDAQ:AAPL) a “no brainer.” Apple Inc. (NASDAQ:AAPL) shares fell by around 5% on Wednesday after the company announced a new smart phone that failed to meet the expectations of the market. The iPhone 5c cost more than investors had anticipated. It showed that the company was not aiming for a bigger chunk of emerging markets….

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