Saturday, March 3, 2018

Carl Icahn unloaded millions in steel-related stock days before Trump tariff

Carl Icahn unloaded millions in steel-related stock days before Trump tariff

March 03, 2018 Carl Icahn unloaded millions in steel-related stock days before Trump tariff , 2 Comments

By CBS News, March 02, 2018

As the saying goes, timing is everything.

 Investor and former regulatory advisor Carl Icahn dumped $31.1 million of stock in a Wisconsin company that relies heavily on steel to make its products last week, days before President Donald Trump said he'd impose stiff tariffs on steel imports.

 The disclosure in a regulatory filing, first reported by ThinkProgress, shows Icahn systematically sold off almost 1 million shares of Manitowoc Company (MTW), which makes cranes and other equipment. 

Read More: https://www.cbsnews.com

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2 comments:

  1. BelieverMarch 3, 2018 at 9:33 PM

    he should be investigated for insider trading, especially being so close to the president

    ReplyDelete
    Replies
    1. AnonymousMarch 4, 2018 at 4:31 AM

      Really? Because he is so stupid that he would never believe they would look at the connection? The man is worth 18 Billion dollars, I am sure he is not risking prison for few million knowing the whole world is watching.

      Delete

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