Long-Term Returns of Carl Icahn’s 10 Activist Targets

4. Dana Incorporated (NYSE:DAN)

Stock Return: -15.61%
S&P 500 Return: – 4.48%
Investment date:1/7/2022

Dana Incorporated (NYSE:DAN) is a company that provides power conveyance and energy management solutions for vehicles and machinery. It operates under Light Vehicle Drive Systems, Commercial Vehicle Drive, and Motion Systems. It is one of Icahn’s most recent investments, especially in the auto industry.

With an investment in Dana Incorporated (NYSE:DAN) in early 2022, Icahn was also handed board seats in the company and agreed to abide by certain standstill provisions until he no longer has directors on the board. The investments are yet to materialize in returns and are down by about 15.61%.