Why Icahn Enterprises Blasted Nearly 15% Higher on Monday
IEPIcahn 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 courtBefore market open, Icahn Enterprises announced -- no doubt with immense satisfaction -- that a district court judge had dismissed the ...