Saturday, March 3, 2018

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

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. 

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

    1. 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.


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