IEP - Icahn Enterprises L.P.
After hours:
| Previous Close | 22.38 |
| Open | 22.46 |
| Bid | 22.53 x 1000 |
| Ask | 22.57 x 1200 |
| Day's Range | 21.68 - 23.00 |
| 52 Week Range | 18.03 - 55.16 |
| Volume | |
| Avg. Volume | 2,551,673 |
| Market Cap | 8.333B |
| Beta (5Y Monthly) | 0.72 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -2.60 |
| Earnings Date | Aug 02, 2023 - Aug 07, 2023 |
| Forward Dividend & Yield | 8.00 (35.75%) |
| Ex-Dividend Date | May 19, 2023 |
| 1y Target Est | 43.00 |
Motley FoolBill Ackman Questions the Valuation of Carl Icahn's Firm: The Billionaires' Feud Explained
Ackman and Icahn are both legendary investors, and the two have butted heads on several occasions, dating back to the early 2000s.
Motley FoolWhy 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.
Yahoo Finance VideoAI market: What investors should watch for amid Nvidia surge
YouTube Host Matt Kohrs joins Yahoo Finance Live to discuss the rise of Nvidia stock, what investors should watch for in the AI play for stocks, and the fall of Icahn shares following Ackman's remarks on the Hindenburg Report.
- Reuters
UPDATE 2-Icahn scores partial Illumina win amid pressure to defend investment acumen
Carl Icahn secured a seat on Thursday for one of his three nominees to the board of gene sequencing machine maker Illumina Inc, a partial victory for the activist investor who is struggling to burnish his credentials following a shortseller attack on his company. Illumina said Icahn nominee Andrew Teno won enough shareholder votes for election, confirming an earlier Reuters report. Illumina's market value of $30 billion made the fight this year's largest proxy contest to go to a shareholder vote.
BloombergIcahn Wins One Board Seat in Illumina Proxy Fight
(Bloomberg) -- Illumina Inc. shareholders voted to elect a board member nominated by activist shareholder Carl Icahn, a much-needed partial victory for the billionaire as his investment firm grapples with an attack by short-seller Hindenburg Research. Most Read from BloombergCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17JPMorgan Tells 1,000 First Republic Employees They'll Lose Their JobsFirst Republic’s $35 Mill
ReutersCarl Icahn's IEP slumps after old rival Ackman reignites feud
Icahn Enterprises LP's stock tumbled as much as 24.7% to $18.03, deepening losses of more than 60% that were recorded following short-seller Hindenburg Research's scathing attack on the company three weeks ago. In a memorable clash a decade ago, the billionaire had shorted supplement company Herbalife, in which activist investor Icahn was a shareholder.
Motley FoolWhy Icahn Enterprises LP Is Plunging Today
Icahn Enterprises LP (NASDAQ: IEP), a master limited partnership (MLP), can't seem to find a bottom. IEP's units appear to be reacting negatively to a long-form tweet by billionaire hedge fund manager Bill Ackman Wednesday afternoon. In the tweet, Ackman called the continued tolerance of IEP's margin lenders into question in the wake of Hindenburg Research's May 2 short report, and the MLP's subsequent multibillion-dollar decline in value.
BloombergBill Ackman Says Icahn ‘Somewhat’ Like Archegos as Stock Plunges Anew
(Bloomberg) -- Bill Ackman said Hindenburg Research has “outed” the way billionaire Carl Icahn runs his publicly traded company and suggested shares have room to fall after tumbling to the lowest levels since 2009.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car Roof
ReutersAckman calls out Icahn's IEP over high premium after Hindenburg report
The billionaire investor said in a tweet on Wednesday that he was "fascinated" by the situation between the short seller and Icahn Enterprises, while noting that the company's premium had been sustained by a large dividend yield. "The yield is generated by returning capital to outside shareholders, which is in turn funded by the company selling stock to investors," Ackman said, adding the system is highly dependent on the "maintenance of the premium and the placidity of Icahn's margin lender(s)". Bill Ackman declined to comment beyond his tweet.
BloombergIcahn Has Faced Many Probes But Hindenburg Claims Stand Apart
(Bloomberg) -- Icahn Enterprise LP’s disclosure of a May 3 inquiry from federal prosecutors in New York sent the company’s shares reeling, but it’s far from the first time Carl Icahn has faced a government probe.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffMichael Burry Doubles Alibaba Stake in Big Bet on China TechTurkey Set for Runoff as Erdogan Falls Just Short of VictoryChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubS&P ETF B
- Investing.com
Midday movers: First Solar, Tesla, Charles Schwab and more
Investing.com -- Stocks were headed for another down week after weaker-than-expected consumer sentiment for May. Here are the market movers for May 12.
BloombergCarl Icahn’s Firm OKs Buybacks, Increases Shares Backing His Debt
(Bloomberg) -- Carl Icahn’s holding company authorized a buyback equaling almost 27% of its shares trading on the open market, potentially boosting the stock price as the financier feuds with a short seller.Most Read from BloombergNBCUniversal’s Yaccarino in Talks to Run Twitter, WSJ SaysKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoJamie Dimon Says US Needs to 'Finish' the Bank CrisisTurkey Markets Rall
Motley FoolWhy Icahn Enterprises Tanked This Week
It's been tough sledding of late for billionaire Carl Icahn's namesake master limited partnership Icahn Enterprises (NASDAQ: IEP). Through the first three and a half days of trading this week, the diversified holding company's units shed 16% of their value, according to data provided by S&P Global Market Intelligence. Since the start of May, Icahn Enterprises' unit price has fallen by a staggering 38%, in part in response to the publication of a short-seller report from Nathan Anderson's Hindenburg Research on May 2.
Yahoo FinanceCarl Icahn's Icahn Enterprises stock slips on new Hindenburg short
Hindenburg Research said Thursday that it had initiated a new position in Icahn Enterprises.
Yahoo Finance VideoIcahn Enterprises stock continues sliding on news of federal probe
Yahoo Finances Live discusses a slide in shares of Icahn Enterprises after the company revealed in an SEC filing that the company is under investigation from federal prosecutors.
BloombergShort Seller Hindenburg Hits Out Again at Carl Icahn, Adds Bet Against Bonds
(Bloomberg) -- Short seller Hindenburg Research hit again at Carl Icahn’s investment firm, saying the famed corporate raider failed to disclose enough in response to questions raised in its critical report. Most Read from BloombergJamie Dimon Says US Needs to 'Finish' the Bank CrisisTurkey Markets Rally as Candidate Withdraws Days Before VoteKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireDimon Jabs at Trump on Debt Ceiling, Says JPMorgan Has War RoomTraders Embrace Bonds as Rece
ReutersHindenburg shorts Icahn Enterprises bonds as battle with billionaire heats up
Icahn Enterprises did not immediately respond to a request for comment. "We are short units of Icahn Enterprises and have initiated a short position in IEP bonds," said the short seller whose reports on companies have often erased a big chunk of their value.
- Thomson Reuters StreetEvents
Q1 2023 Icahn Enterprises LP Earnings Call
Q1 2023 Icahn Enterprises LP Earnings Call
Motley FoolIcahn Under Federal Investigation After Hindenburg Report
"Those regulations are more like guidelines than actual rules, Mr. Prosecutor," is a bold defense. On Wednesday, the investment company of...
BloombergIcahn Enterprises Shares Fall After US Attorney’s Office Requests Information
(Bloomberg) -- Investors wiped as much as $2.3 billion off the market value of Carl Icahn’s investment firm Wednesday after it disclosed a federal inquiry into its practices, adding to the pressure that a short-seller attack has been putting on the stock since last week.Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseTreasuries Advance After CPI; Stocks Edge Higher: Markets WrapHedge Fund
Motley FoolIcahn Enterprises (IEP) Q1 2023 Earnings Call Transcript
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements we make in this presentation, including statements regarding our future performance and plans for our businesses and potential acquisitions. Forward-looking statements may be identified by words such as expects, anticipates, intends, plans, believes, seeks, estimates, will, or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of Icahn Enterprises L.P. and its subsidiaries.
Yahoo FinanceCarl Icahn's Icahn Enterprises stock falls 15% after company discloses federal probe
The U.S. Attorney's office of the Southern District of New York reached out to Carl Icahn and Icahn Enterprises a day after Hindenburg Research released a short report on the holding company.
Yahoo Finance VideoIcahn Enterprises stock plunges on news of federal probe
Yahoo Finance markets reporter Josh Schafer joins the Live Show to discuss the decline of Icahn Enterprises stock after there was news on a federal probe concerning the company inflating the value of its assets.
ReutersU.S. prosecutor query, quarterly loss hit already reeling shares of Icahn's company
It was not yet clear whether the interest from federal prosecutors was related to Hindenburg's allegations that Icahn Enterprises LP (IEP) inflated the value of its holdings and ran a "Ponzi-like" scheme to pay its dividend. Still, it was a setback for Icahn, a pioneer of shareholder activism who is noted for dressing down companies over their governance and transparency, but has not fielded such scrutiny himself. Since May 2, when Hindenburg published its critical report, IEP shares have lost close to 40% of their value -- almost $7 billion -- and the net worth of Icahn, who owns 85% in IEP, has shrunk by a similar amount to $10 billion.
ZacksIcahn Enterprises (IEP) Surges 26.7%: Is This an Indication of Further Gains?
Icahn Enterprises (IEP) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
