CARL ICAHN IS DONE WITH APPLE
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Carl Icahn has told CNBC's Scott Wapner that he has exited his Apple position.
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The stock is down 2% in Thursday's trading day.
Icahn told Wapner that he still liked Apple as a company (he really does). It's just that its issues with China have him spooked.
"I don't think it's a price point [that would get him to go back into Apple stock]. I think it's my opinion about what is happening in China," he said.
"I think the stock is very cheap still on a multiple basis... I'm not the great expert on China and that bothers me.. I'm worried about it."
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More on this to come.
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