Why Icahn Enterprises Blasted Nearly 15% Higher on Monday
Icahn Enterprises(IEP) The Motley Fool·2024-09-17 06:20
The company scored a clear victory in the courtroom. On news that a potentially resource-draining lawsuit against the company had been dismissed, units of master limited partnership Icahn Enterprises (IEP 14.54%) leaped almost 15% in price on Monday. This occurred on a rather sleepy trading session for stocks, with the S&P 500 index only bumping 0.1% higher. A good day in court Before market open, Icahn Enterprises announced -- no doubt with immense satisfaction -- that a district court judge had dismissed ...