Apple Stock Soars Following Billionaire's Tweet

Shares of Apple Inc. shot up 5 percent after Carl Icahn took to Twitter about his stock purchase.
0:57 | 08/14/13

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Transcript for Apple Stock Soars Following Billionaire's Tweet
First team is you know Fuller I -- down now trying to get a piece of Apple's pie tell us about that. He got a piece of apple he bought the shares managed -- that secretly. And then when he sort of announced that he had taken mistake on Twitter. Incidentally yesterday. Apple shares shot up because it's a sign that's this is that an activist activist investors gonna get involved and apple. And possibly trigger. Some movement on apple to do some things such as buy back some of its own shares which is one thing I think icon wants apple to do. Or find other ways to return some of this huge cash pile I think it's over a hundred billion dollars in cash apple has. Send some of that back to shareholders so that would Icahn's purchase -- sent the message that this aggressive investors on the case. Apple shares rose by about 5% yesterday I think -- up a little bit more so far today. And that's because somebody is trying to get a little bit more money out of apple. Our shareholders.

This transcript has been automatically generated and may not be 100% accurate.

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