Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Insider Trading: Carl Icahn’s Icahn Associates Corp Increased Its Position in $FDML

Carl Icahn‘s Icahn Associates Corp recently increased its position in Federal-Mogul Corporation (FDML).

FDML is a newer position for Icahn. He bought 75,241,924 shares in the company during the second quarter. The stock climbed steadily from December to May, reaching a 52-week high of $27.20 a share. It has been on a volatile decline since, rising and declining in sharp ebbs and peaks. According to the SEC form Icahn filed on October 5, 2011, Icahn bought 48,900 shares in FDML on October 3, 2011 at $14.9254 and another 2,200 shares the day after, at $14.8282. As of that transaction, Icahn Capital Lp has 75,293,024 shares in its portfolio. The stock is currently trading at $16.90 a share. At this increase, Icahn gained over $100,000 on his new shares since purchase earlier this week.

Carl Icahn

Beside Carl Icahn’s Icahn Associates Corp, 14 hedge funds had FDML in their portfolios in the second quarter. Christopher Pucillo’s Solus Alternative Asset Management had a smaller position, with 2,947,104 shares valued at $67,282,000. Soros Fund Management had 475,300 shares in the company while Moore Global Investments held 125,000 shares.

Icahn Associates Corp was started by Carl Icahn. He began its pre-runner Icahn & Co. in 1968. Icahn had started on Wall Street just seven years before. Icahn is an activist investor, meaning he buys position in companies that are large enough to allow him a voice in its operations. He is an excellent insider to imitate because his moves are usually bigger than an average hedge fund’s transactions and he has to report them more promptly on 13D forms.

Federal-Mogul Corporation (FDML) is an auto parts manufacturer. According to Yahoo! Finance, “the company serves original equipment manufacturers of automotive, light, medium, and heavy-duty commercial vehicles, off-road, agricultural, marine, rail, aerospace, power generation and industrial equipment, as well as after market sector.”

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!