The Enduring Losses Incurred by Carl Icahn’s 5 Activist Targets over the Long Term

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In this article, we discuss the enduring losses incurred by Carl Icahn’s 5 activist targets over the long term. You can read our detailed analysis of Icahn’s activist targets and their historical performance and go directly to read The Enduring Losses Incurred by Carl Icahn’s 10 Activist Targets over the Long Term

5. Tenneco Inc. (NYSE:TEN

Stock Loss: 71.14%
S&P 500 Return: 40.73%

Tenneco Inc. (NYSE:TEN) is an automotive components equipment manufacturer. Before it went private in 2022, the company operated as an aftermarket cruise control and emissions products manufacturer. Icahn first acquired stakes in Tenneco Inc. (NYSE:TEN) in 2018 as he sought to unlock value through the activist campaign.

Tenneco Inc. (NYSE:TEN) had shed significant market value when the legendary investor started offloading stakes in the company in 2021. The billionaire investor incured a 71.14% loss on exiting the stock in 2021.

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