Icahn's Abandons His $240 Price Target And Exits Apple Inc.

Apple Inc.

shares are trading lower by $1.60 at $96.62 in Thursday's session. One day after it worse than expected Q1 report, Carl Icahn has completely exited the issue. After shedding nealry $7 on Wednesday, falling from $104.35 to $97.82, the issue is struggling in today's session. Off the open, it found sellers just above Wednesday's close $97.82, with the rally stalling at $97.88. Despite the broad market rallying off its lower open, it has continued to grind lower. So far, it has reached $95.90 and is attempting to rebound. That marks the lowest level for the issue since it bottomed on February 25 at $95.25.