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Billionaire investor Carl Icahn sells entire stake in Apple

Discussion in 'Market News' started by Lily, Apr 29, 2016.

  1. Lily

    Lily Forum Member

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    Icahn has sold his shares in the company over concerns at China’s influence on its stock price

    Billionaire activist investor Carl Icahn says he had sold his entire stake in Apple Inc, citing the risk of China’s influence on the stock.

    In an interview with US cable television network CNBC on Thursday, Icahn also said he was “still very cautious” on the US stock market and there would be a “day of reckoning” unless there was some sort of fiscal stimulus.

    Related: Apple CEO vows after company loses over $40bn in value: 'This too shall pass'

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