CVR Energy stock drops over 40% as market challenges persist

CVR Energy has seen a significant decline in its stock value, dropping over 40% in the past year. The company has also suspended its dividend payments due to challenges in the market. The current market conditions are difficult, particularly with tighter crack spreads affecting profitability. This situation marks a notable change from previous performance levels. Despite these challenges, there are indications that investor Carl Icahn may provide support for the company's shares, potentially stabilizing their value.