“Shares of Apple Inc. traded sideways Friday ahead of the technology giant’s shareholder meeting,” Benjamin Pimentel reports for MarketWatch.
“Apple edged higher at the opening bell, but the stock gave up those gains… as the Cupertino, Calif.-based company geared up for its annual meeting,” Pimentel reports. “The gathering had been widely-anticipated in light of Carl Icahn’s high-profile campaign to make the company boost its share buyback plan. But the billionaire investor backed off after Apple announced a new round of share buybacks that Icahn said were good enough.”
Full article here.
Don’t be surprised if Apple CFO Peter Oppenheimer announces his retirement at Friday’s shareholder meeting – February 27, 2014