“Apple will resume its share buyback program on Friday, following a mandatory period where the program was suspended,” MacNN reports.
“Following Apple’s relatively disappointing fiscal Q2 earnings report for the period January to March, the company’s stock took a battering, wiping around $40 billion from its market cap,” MacNN reports. “However, with share prices dipping down to its lowest level this year, Apple is poised to take advantage of any turnaround that it is able to engineer in the short to medium term.”
“Immediately following its Tuesday earnings call, Apple’s shares tumbled from $104 to $96 when trading opened on Wednesday,” MacNN reports. “They have subsequently dived further to $94 on activity investor Carl Icahn who announced that his company had divested itself completely of Apple stock.”
Read more in the full article here.
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