Apple Stock Hits $500 for First Time in More Than 6 Months

Apple's stock hit $500 a share in midday trading Wednesday for the first time since late January, more than six months ago The stock surged more than 5% in late trading Tuesday following two tweets from billionaire activist investor Carl Icahn, noting that he had purchased a large number of shares in the company and believed the stock to be "extremely undervalued." Icahn also revealed that he personally suggested to CEO Tim Cook that Apple increase its share buyback plan See also: How Apple's Lo...