Activist investor Carl Icahn disclosed Thursday that he owned about 3.88 million shares of technology giant Apple Inc. at the end of September, a regulatory filing showed. Icahn revealed on social media platform Twitter on August 13 that his investment firm had a "large position" in Apple, but did not specify the size of the stake at the time.Icahn, who has demanded a $150 billion buyback publicly and privately to Apple chief executive Tim Cook since August, has said that Apple shares could trade at $700 with a larger stock buyback.Apple shares were up 1.44 percent to trade at $528.16 at the close of trading on Thursday. That price is up about 10.8 percent from Sept. 30, when the stock closed at $476.75.Based on that closing price and the stake revealed in the filing with the Securities and Exchange Commission, Icahn's stake in the company at the end of the third quarter was worth about $1.85 billion.
Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. Shares of AAPL traded higher by 1.45% or $7.526/share to $528.16. In the past year, the shares have traded as low as $385.10 and as high as $594.59. On average, 12913700 shares of AAPL exchange hands on a given day and today's volume is recorded at 10086441.
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