Institutional money and Icahn shenanigans have AAPL headed back to 52-week highs
Less than a week after AAPL stock reached a new high for 2013, and two analysts raised their target price in response to Black Friday sales, the stock has also hit a 52-week high, running at $570 at the point of writing.
Billionaire investor Carl Icahn doubtless played a role, yesterday tweeting that he would be calling for a (non-binding) shareholder vote on an increased buyback program – though for a smaller amount than he had originally urged.
But Fortune yesterday posted a rather interesting chart that may suggest the upward trend will continue …
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