Icahn Enterprises’ stock choppy as company moves earnings release to next week

Trading in shares of Icahn Enterprises LP was choppy Thursday amid the continued fallout from a short seller’s report that was critical of the investment arm of activist investor Carl Icahn.

The stock IEP was moving between gains and losses, but has lost 36% of its value and $6.5 billion of market cap this week in the wake of the report, which accused Icahn Enterprises of inflating its value. On Wednesday, the company said it is moving the release of first-quarter earnings to before market open on May 10. The earnings were...

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Icahn Enterprises stock skids lower as short seller Hindenburg puts Carl Icahn's company in crosshairsHindenburg Research said it is betting against Icahn Enterprises and contends the company is overvalued compared with peers.
Source: MarketWatch - 🏆 3. / 97 Read more »

Icahn Enterprises’ stock slides another 20% to put additional $2.6 billion of market cap at riskIcahn Enterprises extended its prior-day losses on Wednesday after a short seller's report took aim at the company.
Source: MarketWatch - 🏆 3. / 97 Read more »

Carl Icahn’s company’s stock slides another 5.6% premarket in wake of short-seller reportShares of Icahn Enterprises L.P. fell another 5.6% premarket Thursday in the continued fallout from a short seller’s report that was critical of the...
Source: MarketWatch - 🏆 3. / 97 Read more »