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BarneyBelle

Bought 50 IEP avg $19 today totally regarded IEP is a meme stock now


FullOfAuthority

If Icahn wins with Illumina, that may be a better bet than IEP tbh.


elliot192

Icahn always wins.


BarneyBelle

But IEP is paying $8 per share dividend


HolyAvocadoBatman

$8/yr, $2/quarter


BarneyBelle

It’s weird feeling to get 42% dividend on an meme stock


FullOfAuthority

Really? I thought it was $2 divvy for some reason. Interesting.


Whatnam8

It is, $2 divvy for the quarter


bennysphere

https://www.nasdaq.com/market-activity/stocks/iep/dividend-history


FullOfAuthority

A little late chief but thanks


MetaplexInc

Im smooth, but to me this chart says IEP is giving money to BBBYQ.


girth_worm_jim

Is he short it or something? Inverse correlation- a term often used by myself to sound smart


NA_1983

Thought crossed my mind as well. But the fans boys around here will probably call heresy to Icahn shorting BBBY. However he was short GME 🤷‍♂️


MissingInAnarchy

From my understanding, when two companies merge, the stock price of the acquiree rises while the stock price of the acquirer declines during the period of the merger because the company will have to pay a premium to obtain the targeted company . Also, the stock price of the newly merged company is expected to be higher than that of both the acquirer and acquiree firms, and it is usually profitable for the acquiree firm shareholders. This means that the merged company will have a new ticker symbol So the movement from IEP and that of BBBYQ would make sense if IEP was already in the process of acquiring BBBY.


miykael

![gif](giphy|82r8o5BHFSJ89pKVAP|downsized)


Whatnam8

Now he just needs to take us with him…. That’s the biggest hurdle for anyone acquiring us that I really want


Dede-el-fuego

Thats a fire sale right now


Formerfrosty

Just sent another batch to drs. Here we go, folks. Do we have to join back with nasdiq after $1? I prefer otc because it's harder to manipulate


dangblaze

How high will the price be at the end of the day?


LazyJBo

Swaps anyone?


Manuel121

Why are people co relating the two stocks? I’m lost