Icahn Enterprises L.P.’ stock
IEP,
fell 3.6% premarket Monday, extending Friday’s losses after Carl Icahn’s investing arm said it’s halving its quarterly dividend. The news came as the company posted a surprise quarterly loss and after the stock was clobbered in May by a critical report from Nate Anderson’s short-selling firm Hindenburg Research. “I believe the second quarter partially reflected the impact of short selling on companies we control or invest in, which I attribute to the misleading and self-serving Hindenburg report concerning our company, “Icahn said in a statement. The stock is now down 50% in the year to date, while the S&P 500
SPX,
has gained 17%.
