After announcing no so happy results this week, Apple stock has hit another snag as one of their large shareholders, billionaire Carl Icahn, sold 45.8 million shares which were worth a cool $4.8 Billion. Icahn had sold an addition 7 million last year but this sale has relieved him of all of his remaining shares in Apple. Thanks to all the "no so good" news this week Apple has seen their stock slide almost 7% which lowers their value by more than $50 Billion. Bloomberg has the full story.
Billionaire Carl Icahn, who first disclosed his stake in Apple Inc. almost three years ago, has sold out of his position because of concerns about the company’s relationship with China, the activist said Thursday.
“We no longer have a position in Apple,” Icahn told CNBC. Icahn sold most of his remaining stake in February, he said. “I got out because I’m worried about China.”