Activist investor Carl Icahn reports nearly 10% stake in JetBlue Airways, says stock is undervalued

Activist investor Carl Icahn reports nearly 10% stake in JetBlue Airways, says stock is undervalued


Carl Icahn on the sixth annual CNBC Institutional Investor Delivering Alpha Conference on September 13, 2016.

Heidi Gutman | CNBC

Activist investor Carl Icahn on Monday reported a nearly 10% stake in JetBlue Airways, saying the airline stock is undervalued. Shares of JetBlue spiked 14% in prolonged buying and selling.

Icahn amassed the stake in a collection of purchases in January and February, in response to regulatory filings. According to a submitting, he has had and plans to proceed discussions with the corporate “concerning the potential of board illustration.”

JetBlue mentioned in a press release, “We are all the time open to constructive dialogue with our traders as we proceed to execute our plan to boost worth for all of our shareholders and stakeholders.”

Representatives for Icahn weren’t instantly obtainable to remark.

This is breaking information. Please verify again for updates.



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