Activist investor Carl Icahn reports nearly 10% stake in JetBlue Airways, says stock is undervalued


Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on September 13, 2016.

Heidi Gutman | CNBC

Activist investor Carl Icahn on Monday reported a nearly 10% stake in JetBlue Airways, saying the airline stock is undervalued.

Shares of JetBlue spiked 14% in extended trading.

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