Musk’s Twitter (NYSE:TWTR) U-Turn Brings Gain for Icahn
October 05 2022 - 06:24AM
TipRanks
Elon Musk’s surprise u-turn to move ahead with the
Twitter (NYSE:TWTR) deal brings in millions for investors,
including Carl Icahn, the Wall Street
Journal reported. Per the report, Icahn invested over
$500 million in TWTR stock. Given the spike in Twitter stock (it
closed about 22% higher on Tuesday), Icahn and other investors are
sitting on considerable profits. TipRanks’ data shows that
Carl Icahn ranked #225 out of 462 hedge fund managers on TipRanks.
Icahn’s portfolio has gained 59.86% since June 2013. The S&P
500 Index (SPX) appreciated nearly 220% during the same period.
https://www.tipranks.com/news/musks-twitter-nysetwtr-u-turn-brings-gain-for-icahn?utm_source=advfn.com&utm_medium=referral
Twitter (NYSE:TWTR)
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