Icahn Enterprises Stock Plummets
This is a news story, published by Yahoo Finance, that relates primarily to Icahn Enterprises L.P. news.
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Icahn EnterprisesThe Motley Fool
•Why Icahn Enterprises stock is down more than 11% today
65% Informative
Shares of Icahn Enterprises L.P. (NASDAQ: IEP) are down sharply on Monday following news that shareholder dilution is forthcoming, adding to a sell-off that's been underway since February .
Today 's tumble is the result of a Securities and Exchange Commission ( SEC ) filing disclosing that IEP intends to sell up to $400 million newly issued shares of the stock.
Other factors are contributing to this continued weakness.
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