IEP Stock Summary and Trading Ideas (Icahn Enterprises LP - Depositary Units Representing Limited Partner Interests | NASDAQ:IEP)

Icahn Enterprises LP provides diversified business services in the United States. The company operates its business through varied segments which include Investment, Automotive, Energy, Food Packaging, Real Estate, Pharma, and Home Fashion. Among these, the Energy segment derives the maximum revenue from the company. Geographically, it generates maximum revenue from the United States.

Icahn Enterprises LP - Depositary Units Representing Limited Partner Interests trades on the NASDAQ stock market under the symbol IEP.

As of June 9, 2026, IEP stock price declined to $7.39 with 543,936 million shares trading.

IEP has a beta of 0.32, meaning it tends to be less sensitive to market movements. IEP has a correlation of 0.03 to the broad based SPY ETF.

IEP has a market cap of $4.97 billion. This is considered a Mid Cap stock.

Last quarter Icahn Enterprises LP - Depositary Units Representing Limited Partner Interests reported $2 billion in Revenue and -$.71 earnings per share. This fell short of revenue expectation by $-22 million and missed earnings estimates by -$.83.

In the last 3 years, IEP traded as high as $36.00 and as low as $7.08.

The top ETF exchange traded funds that IEP belongs to (by Net Assets): ONEQ, CVY, VUS.

IEP has underperformed the market in the last year with a price return of +11.3% while the SPY ETF gained +24.3%. However, in the short term, IEP had mixed performance relative to the market. It has outperformed in the last 3 months, returning +10.2% vs +9.9% return in SPY. But in the last 2 weeks, IEP shares have been beat by the market, returning -2.1% compared to an SPY return of -1.2%.

IEP support price is $7.36 and resistance is $7.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IEP shares will trade within this expected range on the day.