Icahn Enterprises' Market Cap at Risk as Wealth Plunges on Short Report.
TL;DR
Icahn Enterprises, the investment arm of activist investor Carl Icahn, saw its stock slide another 20% on Wednesday, following a 20% decline on Tuesday, after short seller Hindenburg Research accused the company of inflating its value. The two-day slide has cost the company about $6.6 billion in market cap.
- Icahn Enterprises’ stock slides another 20% to put additional $2.6 billion of market cap at risk MarketWatch
- Carl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller Report Yahoo Finance
- Icahn's Wealth Plunges $10 Billion on Short Report Bloomberg Television
- Short investor Hindenburg erases fifth of Icahn empire's value Reuters
- Icahn Enterprises: How Good Is This 25% Yield? (NASDAQ:IEP) Seeking Alpha
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