All items tagged with "Apple stock"

Icahn Do It Anymore: Activist Investor Drops Call For Apple Stock Buyback

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Carl Icahn has backed off campaigning Apple to increase its stock buyback — citing the company’s recent repurchases, along with influential proxy adviser ISS’s call against his proposal.

In a letter directed to Apple shareholders, Icahn noted that he was ditching his non-binding proposal to get Apple to add a further $50 billion to its buyback plan — down from the original $150 billion he was initially requesting.

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Icahn Plows Another $500 Million Into Apple, Taking Total Investment To Over $4Bn

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Regardless of whether you think Apple’s falling share prices are justified or the result of bozos who don’t understand how Apple works, one person is seemingly happy with the immediate response to Apple’s recent financial quarter: Carl Icahn.

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Apple Share Prices Fall After Wells Fargo Downgrades Its Rating [Report]

applemoney

Apple’s shares closed at 1.4 percent lower for Tuesday’s trading — ending the day at $553.13.

The reason in a nutshell: that Wells Fargo changed its rating for Apple from “outperform” to “market perform”. While this downgrade wasn’t accompanied by a change in valuation (which remains in the $536 to $581 range) the rating essentially shifts recommendation away from “buy” to “neutral” (which actually means “sell”).

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Carl Icahn Is A ‘Johnny Come Lately,’ Says Apple Investor

Credit: Tactus.com

Credit: Tactus.com

Would Carl Icahn’s memoirs be titled How To Lose Friends And Influence People?

Activist investor Icahn has been proving divisive in recent months by spearheading a campaign to get Apple to carry out a $150 billion stock buyback (which he later dropped to “just” $50 billion).

Well, it’s difficult to be as outspoken as Icahn without certain other investors speaking out about you — and that’s exactly what Anne Simpson, head of corporate governance at the California Public Employees’ Retirement System, has done.

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Good News Pushes Apple Stock to Highest Close in Almost a Year

wallstreet

Apple stock closed at a new 2013 high on Tuesday — rising 2.7 percent (or $15) over the course of the day to finish at $566.32.

For those keeping score, that’s the best close Apple’s stock has had since December 4, 2012, and means that the company is up by 6 percent so far this year — although still down on the $700 all time high which accompanied the iPhone 5.

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Rogue Trader Winds Up In Jail After Fraudulently Purchasing $1 Billion Of Apple Stock

jokermoney

If you’re looking for a way to get rich overnight, here’s an idea: somehow borrow $1 billion without anyone knowing what you’re doing, invest it all in Apple shares the night before an earnings call (when the stock price is all but guaranteed to rise), immediately sell the next morning, return the original capital, and then pocket the profit without anyone the wiser.

Sound too straightforward to be true? That’s because it is — although that didn’t stop 40 year old trader David Miller from trying the stunt back in 2012.

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Here’s What Apple’s iOS 7 Beta Testers Are Reading On The Web

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This is the cover of the favorite album of iOS 7 beta testers.

It’s not uncommon to see early versions of upcoming iOS and Mac releases pop up in server logs — we’ve seen occasional blips from iOS 7 and OS X 10.9 for a while now in our own server logs — but what is less common is actually looking over an iOS 7 beta tester’s shoulder and checking out what they’re interested in.

Yet that’s just what mobile site conversion company OnSwipe was able to do, analysing iOS 7 beta tester’s reading habits to get a better grip on what people at Apple are interested in.

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Ex-Microsoft COO: The Apple Era May Be On Its Way Out Due To Lack Of Leadership

Bob Herbold is not impressed with Tim Cook. Not at all.

Bob Herbold is not impressed with Tim Cook. Not at all.

Apple’s stock hasn’t been doing too well lately. While many analysts think the problem is that Apple hasn’t released any new products in months, Microsoft’s former COO thinks it’s more of a leadership problem.

In a recent article, former Microsoft COO, Bob Herbold claimed the problem with Apple is that it doesn’t have a visionary leader who is paranoid with details, so Apple’s totally going to start sucking like Microsoft pretty soon.

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How A Celebrity Apple Analyst Lost Millions Of Dollars Betting Big On AAPL

Andy Zaky

This guy bet big on Apple and lost hard.

Andy Zaky has been one of the most famous independent Apple analysts for years. The self-taught, 33-year-old investor has offered some of the most wildly accurate predictions on Wall Street, and in the past he’s been pretty spot on with his bullish calls to buy AAPL stock.

But something happened to Apple’s stock value after hitting its September 2012 high of $700+ per share. It suddenly plummeted, and it has continued to decrease for the past 5-6 months. Speculation abounds, but no one has been able to pinpoint exactly why AAPL has been—and still is—taking such a beating.

As you can imagine, many investors have lost a lot of money betting on Apple’s success over the past several months, and morale is weakening on Wall Street. Zaky is one of the best examples of how incorrectly predicting Apple’s stock value can have grave consequences.

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Judge Rules In Favor Of Greenlight Capital, Prevents Apple From Limiting Preferred Stock

Hedge fund heavyweight David Einhorn just had a decisive victory in his crusade against Apple's limited stock options.

Hedge fund heavyweight David Einhorn just won a decisive victory in his crusade against Apple’s limited stock options.

A New York judge has ruled in favor of David Einhorn’s Greenlight Capital and blocked an AAPL shareholder vote that would limit Apple’s ability to give preferred stock options to investors. The ruling comes after Greenlight held a meeting yesterday with shareholders to explain the ideas behind its “iPrefs” stock proposal.

Apple shareholders were scheduled to vote on limiting preferred stock next Wednesday, but a preliminary injunction has been granted that stops the vote from taking place.

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