Notorious shareholder activist Carl Icahn recently filed a Form 4 with the SEC regarding shares of Blockbuster (BBI). Icahn, through his various investment vehicles, recently dumped a ton of both Class A and Class B shares of Blockbuster. On March 25th he owned 19,905,190 shares and as of March 30th, he now owns only 4,358,223 shares. The majority of sales took place on March 29th and 30th at prices of $0.24 and $0.25 per share. In total, Icahn's various entities sold 14,362,708 and the picture below depicts the breakdown of sales:
So, as you can see, he's unloaded quite a hefty amount of shares here and apparently is moving on. We'll continue to watch to see if he dumps his remaining 4.3 million shares. Other recent activity out of Icahn's camp includes buying more Take Two Interactive (TTWO) and trying to acquire Lions Gate Entertainment (LGF).
Taken from Google Finance, Blockbuster is "operates and franchises entertainment-related stores in the United States and a number of other countries. The Company also operates an online service offering rental and sale of movies delivered by mail and digital delivery through blockbuster.com."
For more from everyone's favorite corporate raider, head to Icahn's investor letter as well as the rest of his portfolio.