Icahn ups Nuance stake again, shares +1.2% AH

Carl Icahn continues to bet Nuance's (NUAN) big YTD decline represents a buying opportunity. Just six days after disclosing his firm has raised its stake in Nuance to 18.7%, the media-friendly activist investor discloses he bought another 1.38M shares from Dec. 6-10.

The latest purchases leave Icahn with a 19.2% stake in the voice recognition software leader.

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Comments (5)
  • Chris Lau
    , contributor
    Comments (3413) | Send Message
    (NUAN) likely bottomed last week or so (see here: http://seekingalpha.co...) but at this rate, Icahn, who is now worth more than Soros because of 2013 performance, should just buy out Nuance.
    10 Dec 2013, 08:15 PM Reply Like
  • jbrew1113
    , contributor
    Comments (7) | Send Message
    I'm buying 2015 17 calls for a quintuple!
    10 Dec 2013, 08:31 PM Reply Like
  • waibelc@ymail.com
    , contributor
    Comments (6) | Send Message
    He must think apple is going to buy it out!!
    10 Dec 2013, 10:22 PM Reply Like
  • Enzo P
    , contributor
    Comments (18) | Send Message
    Well the annual shareholder meeting is only about six weeks away, right?


    Something's brewing that's for sure.


    Also, a little curious as to why NUAN has yet to announce their 2013 Annual Financial Analyst Day, which had already occurred by this time last year.
    11 Dec 2013, 12:34 AM Reply Like
  • pagreen1966
    , contributor
    Comments (657) | Send Message
    (NUAN) should be a classic January effect play.


    Should move significantly higher in the new few weeks.


    Now holding $25K myself after initially buying last week.
    11 Dec 2013, 03:42 AM Reply Like
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