Carl Icahn Is Betting Big on JetBlue (JBLU) Stock

Investor Carl Icahn has taken a stake of nearly 10% in JetBlue (NASDAQ:JBLU).Icahn, who runs Icahn Enterprises (NASDAQ:IEP), said the budget airline is undervalued. He will seek a board seat in discussions with directors. The airline has been cutting operating costs following its failed effort to merge with Spirit Airlines (NASDAQ:SAVE).In response, JBLU stock rose 2% on Feb. 12 and another 14% overnight, adding over $300 million to its market capitalization. The stock opened this morning at$6.82 per share ...