“JetBlue shares jump after activist Carl Icahn reports stake and calls shares undervalued”
February 23, 2024
“Activist investor Carl Icahn late Monday reported a nearly 10% stake in JetBlue Airways, saying the airline stock is undervalued. Shares of JetBlue gained 21% on Tuesday… In the past 12 months, JetBlue’s stock is down more than 27% as of Monday’s close. The NYSE Arca Airline Index, which tracks the broader sector, has gained nearly 7% during the same period…”