Tenneco's (TEN, $2.92) 3.48 million shares bought by Carl Icahn
Tenneco revealed that activist investor Carl Icahn bought 3.48 million Tenneco Class A shares on April 1.
The Icahn Enterprises Holdings investment is worth $10.86 million at the close of trading April 1.
Icahn already was the company’s largest shareholder before that acquisition with a 9.9% stake.
Tenneco has been struggling with the COVID-19 pandemic’s impact. On Friday, it withdrew its first-quarter and full-year earnings guidance.
In January, Dan Ninivaggi, who used to run Icahn Automotive Group and also is a shareholder in Tenneco through his Protean Services firm, demanded that half of Tenneco’s board be replaced. He also suggested that Tenneco should raise cash - to make good on its debt - by selling its aftermarket-parts unit or by selling the entire company. The next day, Tenneco dropped co-CEO Roger Wood.
TEN in +5.13% Uptrend, rising for three consecutive days on July 03, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where TEN advanced for three days, in of 273 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 67 cases where TEN's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 216 cases where TEN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for TEN moved out of overbought territory on June 20, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 32 similar instances where the indicator moved out of overbought territory. In of the 32 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on July 02, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on TEN as a result. In of 94 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for TEN turned negative on June 30, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TEN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
TEN broke above its upper Bollinger Band on June 17, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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