Carl Icahn's limited partnership's publicly traded stock has traded around $50/share since the beginning of the Covid pandemic.
... Until this week. Hindenburg shorted the stock, and it has seen a 40% drop in the last three trading days.
It'll be interesting to see where the stock goes from here. Far as I know, it might not have bottomed out yet.
Clarification: if the last trading day in May 2023 closes with IEP at $40, I'm resolving NO. The puts got us here.
May 4, 5:17pm: Will Icahn Enterprises LP common stock price be above $40 per share before June 1, 2023? → Will Icahn Enterprises LP common stock price be worth more than $40 per share at any point before June 1, 2023?
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“Far as I know, it might not have bottomed out yet.” Me on 5/4 when the stock price was still around $30.
Oof. Doesn’t look good for the bulls. Resolving after closing bell tomorrow! A big thanks to you participants. Cheers
