Recently, Apple’s shares skyrocketed suddenly. Such a sharp dynamic was caused by tweets from Carl Icahn. The billionaire investor raised Apple’s capitalization by $8.35 billion with the help of one sentence. In his Twitter message he said that he thinks Apple’s stock is “undervalued.” He believes the company is worth $240 a share, which is 80% higher than now.
Market participants reacted immediately. Right after the tweets were published, shares of Apple grew in price to $130.19 from $128.74. Just in one trading session, the rise in Apple shares exceeded the combined capitalization of film production company DreamWorks SKG, multinational corporation Sotheby’s, and semiconductor company AMD Holdings Inc.
Icahn also pointed out that despite currency fluctuations and massive interventions, the corporation still logs a rise in sales that makes up 40% in this year, according to a forecast.
Interestingly, Icahn’s hedge fund Icahn Associates is Apple's seventh-largest shareholder with a 52.8-million-share stake. On the day of Icahn’s publication, the value of its investment grew by $76.5 million.
