Famous American businessman and billionaire Carl Icahn made the Apple Inc. (NASDAQ: AAPL) surge after he tweeted about his heavy stakes in the company. Apple shares went up by 5% on Tuesday and continued the trend on Wednesday as well. Icahn was chatting with Apple’s CEO Tim Cook regarding a share buyback plan. Price of Apple (AAPL) went beyond $500 on Wednesday since January this year.
“We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come.” Tweeted Icahn who is known as trendsetter in crucial investments.
So far, it’s really hard to gauge the impact of these tweets on investment.
Apple is closely watched by investors, analysts, and bloggers and media persons. Any news regarding the company creates sizeable impacts in investments arena. Apple (AAPL) has witnessed a sharp decline in their share value as price of stocks fell from as high as $700. Such a big dip in share prices arise out of fears that product line of the company has dried up and Android platform by Google is taking over the smartphones market at an amazing speed.
In April, the Securities and Exchange Commission allowed companies to release key information on Social Networking websites like Twitter and Facebook.