Why Icahn Enterprises Stock Is Down More Than 11% Today

The holding company is looking to raise funds at a suspicious time. Shares of Icahn Enterprises L.P. (IEP -11.08%) are down sharply on Monday following news that shareholder dilution is forthcoming, adding to a sell-off that's been underway since February. Indeed, data from S&P Global Market Intelligence indicates that as of 2:51 p.m. EDT Friday, Icahn Enterprises stock is lower to the tune of 11.6%, dragging the ticker to a two-decade low. Other factors are contributing to this continued weakness, of cours ...