Icahn Enterprises Attempts To Rebound After S&P Downgrade

Loading...
Loading...
Icahn Enterprises are unchanged at $52.75 in Tuesday's session. The issue has just rebounded from a spike to $51.53, that was triggered by a rating downgrade in its LP rating from BBB- to BB+ with a stable outlook. The issue, which has lost almost two-thirds of its value since it peaked in December 2013 at $149.77, at the height the "I want to be like Icahn mania". That top coincided with multiple Icahn tweets boasting his large stakes in the markets. http://www.benzinga.com/general/movers-shakers/13/12/4184475/the-herd-continues-to-flock-out-of-icahn-eneterprises The issue is still well off its three year plus low of $42.50, that was made on February 11. At this time, Icahn has placed a large bet on a market meltdown as he now touts his 150 percent net short position.
Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...