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Carl Icahn's investing arm rallies after third-quarter loss narrows and revenue beats

Por: MarketWatch Business November 03, 2023

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Carl Icahn’s investing arm has languished since short seller Hindenburg Researchabout the company on May 2, accusing it of overstating values and paying a dividend it could not afford. The stock has shed billions of dollars in market capitalization, and in August, it cut its dividend in half. The stock set a fresh 19-year low this week and is down 61% in the year to date, while the S&P 500 has gained 12%. Icahn has rebutted the allegations,... + full article



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