Reviving Titans: Icahn Enterprises Rebounds After Epic Worst 8-Day Plunge in 15 Years

Rewrite and expand this content to 900 words

Shares of Icahn Enterprises L.P. IEP, the investment arm of billionaire activist investor Carl Icahn, jumped 9.6% in premarket trading Friday, putting them on track to snap their worst eight-day stretch in 15 years. The stock’s bounce comes after Icahn said the company will pay out $2 a share to shareholders as he assures investors the company doesn’t face a liquidity crisis. The stock has been tumbling after a short-seller report accused the company of inflating its value, which Icahn denied. The stock has plunged 41.9% amid an eight-day losing streak through Thursday, which is the longest losing streak since the eight-day…


Related Posts