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Carl Icahn Took a Large Position in Newell: Is the Stock Undervalued?

Sarah Sands
Updated
Carl Icahn Took a Large Position in Newell: Is the Stock Undervalued?

On Thursday, March 1, 2018, investor Carl Icahn discussed his latest buying activity in an interview with CNBC. The legendary investor took a large position in Newell Brands (NWL) in the first quarter of 2018. There’s potential because these brands are another area in the retail business that I think will still survive and, in fact, get even more profitable.” Icahn disclosed that he bought Newell stock at around $25 per share.

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