: Icahn Enterprises stock bouncing, after suffering worst 8-day performance in 15 years


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…

This article was originally published by Marketwatch.com. Read the original article here.

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