Icahn Enterprises L P (IEP)

Shares of Icahn Enterprises L.P. (IEP) dropped by 11.80% from $19.57 to $17.26 in the trading on Thursday, Novemeber 16, 2023. The reason why IEP is down today is due to Q3 financial results and impact of jobless claims data.

• Q3 earnings: Despite an increase in indicative net asset value during Q3 2023 compared to the previous quarter, IEP faced a decrease when compared to the end of 2022. This decrease was partly attributed to non-recurring losses, which impacted investor sentiment and contributed to the stock's decline.
• Economic influence: Broader economic factors played a role in the stock's decline. The Dow Jones Industrial Average dropped on this day following the release of higher-than-expected initial jobless claims data. The Labor Department reported that first-time jobless claims rose to 231,000, surpassing expectations of 222,000 and increasing from the previous week's 217,000. However, there was a somewhat unexpected improvement in the Philadelphia Fed manufacturing index, which came in at -5.9 in November compared to October's -9.0 reading, defying expectations of a further decrease to -11.0.

Icahn Enterprises (IEP) shares continued a 6.48% decline due to negative fallout from a critical short-seller report by Hindenburg Research. The company's poor investment performance led to a dividend cut, raising doubts about its future outlook, prompting investors to seek simpler income alternatives.

https://www.fool.com/investing/2023/08/18/why-icahn-enterprises-dipped-again-this-week/

Icahn Enterprises' shares fell 23.23% due to disappointing earnings and reduced dividend. The company reported a second-quarter loss of $0.72 per share on sales of $2.68 billion, down from a year ago, and lowered its dividend to $1 per share from the previous $2-per-share payout.

https://www.fool.com/investing/2023/08/04/why-icahn-enterprises-stock-is-plunging-today/

IEP's stock fell 13.83% because they has been under siege by short-sellers for nearly a month now. The company's units are under heavy pressure again today following a critical tweet from hedge fund manager Bill Ackman. Ackman called the continued tolerance of IEP's margin lenders into question in the wake of Hindenburg Research's May 2 short report, and the MLP's subsequent multibillion-dollar decline in value.

https://www.fool.com/investing/2023/05/25/why-icahn-enterprises-lp-is-plunging-today/

IEP's stock fell 10.89% due to the continued volatility following a recent short seller report. Hindenburg says the research firm's research has found that IEP units are inflated by 75%+. IEP trades at a 218% premium to its last reported net asset value (NAV), vastly higher than all comparables.

https://www.benzinga.com/news/23/05/32515723/why-icahn-enterprises-iep-shares-are-falling-sharply