Market Analysis: AAPL 1/22/2014

Icahn Becomes Top 15 Shareholder in AAPL Stock

Carl Icahn has raised his position at Apple Inc substantially. The investor recently purchased over $500 million in shares over the past two weeks raising his stake in the company to above $3 billion.

A $3 billion position will put Mr. Icahn among the top 15 shareholders in the company.

Mr. Icahn has been asking Apple to start a larger buyback, claiming that the company is doing a "great disservice to their shareholders" by not returning more of their money. As it currently stands, Apple has $150 billion in cash and cash equivalents on it's balance sheet that could be paid back to shareholders.

Recently, Apple shares have risen 1.3% to $566.34. Mr. Icahn said he purchased the stock when it was priced at $468. Since that time it has risen 21%!