You can see behind me, 35 to 36 is the indication. The Market Makers here are yelling out a number of prices and levels and number of shares. What theyre doing right now is trying to get down to a price that can clear the most number of shares out of here. Were getting close to that number right now at 35 1 2, which is the midpoint of this indicated range as of this time, youre still talking about an approximate market value range of just around 14 to 14. 5 billion. So very much higher than the 15 to 17 and the 17 to 19, the 19 to 21, and the 22 open. And then the 26 to 29 indication that we first got when this came to the floor. So as things stand right now, theyre yelling out a bit more well bring you more details but 35 1 2 is the midpoint of the current range. We could see this stock opening up sometime in the next few moments depending on how quickly they can get those orders together to find the one price that clears the most number of shares for the opening trade back to you guy
Apple saying shares are massively undervalued. Recent history repeating futures pointing lower after a big recovery from a dramatic selloff tuesday. Alcoa and pepsi beating the street. Leadership, gap shares down. Murphy announcing he will be retiring. Carl icahn released an open letter to apple ceo tim cook saying the Company Shares are massively undervalued and should be trading at 203 a share now. Icahn expressed support for cooks leadership, urged him to accelerate the share buybacks. He would not tender a share if apple institutes a new Share Repurchase program. Calls cook the ideal ceo. Says this is not a criticism. A long letter about how the market is getting this wrong. I think you are right to say its about how Institutional Investors are underinvested in apple. He also says if you want to get those investors, you cant just keep doing what youre doing. Youve got to really create a short squeeze from the tender offer. Sell 25 million tvs. Its not scathing, but it says, all rig