Bristol-Myers stock jumps after Carl Icahn reportedly takes a stake

Bristol-Myers stock jumps after Carl Icahn reportedly takes a stake
Bristol-Myers stock jumps after Carl Icahn reportedly takes a stake

Shares of Bristol-Myers climbed as much as 4 percent after investor Carl Icahn reportedly took a stake in the company, according to Dow Jones, citing sources.

Icahn said he sees value in the drug-maker's pipeline and views it as a possible takeover target, according to the report.

While it initially spiked 4.8 percent, the company's stock last traded 0.9 percent higher.

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