His tweet said his total cost for all shares are a little below $300 million. He sold 3 million shares and had profits $900 million. Now he has 2.5 million shares with zero cost.
So you can assume he sold his 3 million shares at the very top, close to $400 a share to pull $900 million profits.
Nice try.... you can't get rid of 3 million shares like that. He didn't get a "price". The news in the media is generality. This was not a private deal. The only way to sell is in "lots" just like all of us. The tape showed very large lots that could only come from mr. tweet. One of the lots was in the 1 million size. His stuff was consumed all throughout the day. Only the tweety bird, IRS, and SEC know the profit margin..... end of conversation.
This is going below $300 in a hurry! I'm short and loving every minute of it.
Sentiment: Strong Sell
Tuesday’s disclosure indicates Icahn’s different vehicles have sold a shade under 3 million Netflix shares since Oct. 10 at prices from $304.23 and up. The largest portion was the 2.4 million shares he sold Tuesday at $341.44, for more than $819 million. Icahn has a cost basis of $58 per share, the release says, which means he made an $825 million profit on the 2.989 million shares he sold over the last two weeks.
In a situation like this, the price for these blocks is negotiated beforehand
But I can assure you of one thing: A $5 to $10 change is share price is peanuts for this charlatan
He hosed all the bag holders