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Why Icahn Enterprises Stock Collapsed This Week

Why Icahn Enterprises Stock Collapsed This Week

The investment vehicle run by Carl Icahn saw further losses after more light was shone on its potentially unsustainable dividend practices and inflated net asset value (NAV) when famous investor Bill Ackman tweeted about its corporate structure. Shares of Icahn Enterprises are now down 60% year to date. Icahn Enterprises is a publicly traded investment vehicle run by Carl Icahn and his investment team.