: Icahn Enterprises’ stock slides another 20% to put additional $2.6 billion of market cap at risk

by | May 3, 2023 | Stock Market

Icahn Enterprises LP shares fell another 20% on Wednesday, extending their prior-day losses in the continued fallout from a short seller’s report that was critical of the investment arm of activist investor Carl Icahn. The stock closed down 20% on Tuesday to notch its biggest one-day decline on record after short seller Hindenburg Research accused the company of inflating its value. The market-cap loss was about $4 billion. If today’s slide holds, it will cost another $2.6 billion in market cap. In…

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