Tuesday, Apple showed a $13 billion increase after investor Carl Icahn announced that he had invested heavily in Apple stock because he believed it should be selling at $700 a share. Carl Icahn tweeted the news and immediately Apple stock began to rise, according to CBS News.
Carl Icahn, 77, is heavily invested in the stock market and when he makes an announcement of an investment it may change the stock market immediately. In this case, he invested $1.5 billion or less than a ¼ of a % of the overall stock in Apple, but news of his investment made others purchase stock and increased Apple’s value by $13 billion.
Icahn has invested in Yahoo, Motorola and Netflix and each company saw almost immediate increases in stock value.
Apple's stock price has fallen about 30% since last September and yesterday the stock was at a 7-month-high.
Apple released a statement Tuesday saying:
"We appreciate the interest and investment of all our shareholders. Tim had a very positive conversation with Mr. Icahn."
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Sources: CBS News