Apple’s stock share price has risen today, after being down this morning, due to a rumor of an imminent stock split announcement. SeekingAlpha points to a tweet from The Street’s Doug Kass that seems to be the original source of the rumor. Apple’s next shareholder meeting will be held tomorrow, and this is where the announcement is rumored to take place.
We’d caution that this is just a rumor (if reliable, why didn’t he post it on the Street.com?)at this point and Kass’s past hits include things such as:
“I am also hearing that Google CEO Eric Schmidt has already begun low-level discussions with several Apple board members regarding his role as a possible temporary replacement to Steve Jobs should the options-backdating issues intensify at legal levels.”
Also Kass has a big personal interest in AAPL’s share price:
Largest long: AAPL
Largest short: HSIC—
Douglas Kass (@DougKass) February 26, 2013
Apple is now trading near $449, up from the day's low at $437.65.
Prudence dictates that I sell off some of this outsized position $AAPL—
Douglas Kass (@DougKass) February 26, 2013
