Why Icahn Enterprises Stock Is Down More Than 11% Today

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. Indeed, data from S&P Global Market Intelligence indicates that as of 2:51 p.m. EDT Friday, Icahn Enterprises stock is lower to the tune of 11.6%, dragging the ticker to a two-decade low.Other factors are contributing to this continued weakness, of course.In simplest terms, Icahn Enterprises is a holding company made up of several private and publicly traded for-profit entities. Although he's neither its president nor its CEO, the infamous activist investor (and majority shareholder) Carl Icahn largely steers the organization.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool