Apple a hedge fund target; Soros doubles stake

USA Today – Well-known investor George Soros has nearly doubled the size of his investment in Apple, the latest sign how the struggling stock is drawing big bets from celebrity investors.

Just a day after investor Carl Icahn revealed his plans to build a big position in Apple, fellow billionaire Soros disclosed in a regulatory filing that he now owns 66,800 shares of the company. The two are the latest deep-pocketed investors eyeing Apple’s nearly $150 billion in cash and investments, hoping the company will do something with that financial warchest to enrich shareholders.

Read Complete Article

 

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply