Icahn Enterprises L.P.’s stock was down 4.2% to $19.86 on Tuesday, bringing it within sight of its its 52-week low of $18.03, hit earlier this year after...
Icahn Enterprises L.P.’s stock was down 4.2% to $19.86 on Tuesday, bringing it within sight of its its 52-week low of $18.03, hit earlier this year after short-seller Hindenburg Research published a scathing article about the company. A New York Times article published Tuesday highlighted the fallout from that report for billionaire activist Carl Icahn and his publicly traded investment arm.
“It is very, very embarrassing for Carl because this guy beat him and beat him at his own game,” Mark Stevens, the author of a 1993 book titled “King Icahn: The Biography of a Renegade Capitalist,” told the Times. The stock shed 30% of its value on Aug. 4, the day it announced the halving of its dividend.
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