If activist investors do one thing well, it’s use hyperbole to talk up the price of a stock. Activist investor Carl Icahn, who owns less than 1% of eBay Inc (NASDAQ:EBAY), is perhaps a master of the craft. In calling eBay’s board of director’s “dysfunctional,” and saying “it’s time to end the charade,” Icahn continues to build drama as the stock price continues to climb. Roughly six months ago eBay was trading at nearly $50 per share, today it is near $57, up nearly 1.67 percent on the day alone. ValueWalk has been documenting the activist investor’s moves with eBay…
As Icahn Makes Personal Attacks, eBay Stock Price Rises
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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