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Icahn Enterprises LP shares fell a further 20% on Wednesday, extending their prior-day losses in the ongoing fallout from a shorter seller’s report that was essential of the investment arm of activist investor Carl Icahn.
The inventory IEP shut down 20% on Tuesday to notch its most important one particular-day decline on history right after short vendor Hindenburg Research accused the corporation of inflating its benefit. The marketplace-cap reduction was about $4 billion. If today’s slide holds, it will price tag one more $2.6 billion in industry cap.
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