This Investor’s Tweets Boosted Apple’s Stock More Than 5%

The largest company in the world just saw its stock moved significantly by two tweets from an investor.

Carl Icahn, a billionaire activist investor who has been in the news a lot lately for his efforts to thwart Michael Dell’s efforts to take his company private, tweeted on Tuesday that he has a “large position” in Apple and believes the company’s stock is “extremely undervalued.”

The tweets sent Apple’s stock up by more than 5%, effectively adding several billion dollars to the company’s market cap.

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