Billionaire investor Carl Icahn reduces his position in JetBlue Airways by over 4 million shares in early June.
Carl Icahn reduced his stake in JetBlue Airways Corporation (JBLU) to 5.55% after selling 4,331,821 shares between June 1 and June 9. The transactions were disclosed in SEC filings by Icahn entities.
Prior to the sale, Icahn held a larger position in the airline, though the exact previous stake was not specified. JetBlue shares have faced volatility amid industry challenges and strategic shifts.
No immediate market reaction was detailed in the filings.