Icahn Enterprises Plummets to New 52-Week Low

1 min read
Source: MarketWatch
Icahn Enterprises Plummets to New 52-Week Low
Photo: MarketWatch
TL;DR Summary

Icahn Enterprises' stock hit a fresh 52-week low of $17.92 after short seller Hindenburg Research accused the company of overstating values and paying an unaffordable dividend. The stock has fallen 65% this year and lost billions in market capitalization, prompting the company to cut its dividend in half.

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