activist investor

(Editor’s note: This story was updated on April 17 to include Daikin’s statement) Shares of Japan’s Daikin Industries (OTC:DKILY) (OTC:DKILF) jumped on Thursday after U.S. activist investor Elliott Investment Management said it would work with the air...

CarMax Inc (NYSE:KMX) could highlight its turnaround plans under a new CEO, alongside an activist investor push when the company reports fourth-quarter (Q4) financial results Tuesday before market open. Here are the earnings estimates, analyst ratings and key items to watch. Q4 Earnings Estimates...

Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention. Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With...

Elliott Management has increased its stake in Toyota Industries Corp. in order to block the automotive manufacturer’s bid to take the company private. The activist manager raised its stake by approximately 7%, according to a Bloomberg report. Elliott argues that Toyota Fudosan’s revised...

Activist investor Elliott Investment Management has amassed a $2.5 billion stake in Phillips 66 (NYSE:PSX), significantly expanding its position in the U.S. oil refiner and intensifying pressure for operational restructuring, particularly regarding its midstream business. Elliott's latest...

BP p.l.c. (NYSE:BP) shares are trading higher Monday after the Wall Street Journal reported that activist investment fund Elliot Management had taken a stake in the London-based oil company. BP is also set to report its fourth-quarter results ahead of Tuesday's opening bell. Here's a look at what...

During a turbulent month for United States Steel Corp (NYSE:X) following its blocked merger with Nippon Steel, activist investor Ancora accelerated a proxy fight in an attempt to force the Pittsburgh, Pennsylvania-based company to abandon its plans to fight to merge. Ancora, which owns a 0.18%...

A week before releasing its earnings report, an activist investor has taken a stake in Cheesecake Factory (NASDAQ:CAKE) and is reportedly urging the company to spin off three smaller brands into a separate public entity. Following the report, the company shot up during the pre-market...

In a strategic move, Elliott Investment Management has launched a podcast targeting Southwest Airlines Co. (NYSE:LUV) shareholders. The activist firm, which holds an 11% stake in the airline, is pushing for significant leadership changes, including a new CEO and board members. What Happened: Last...

Starboard Value, an activist investor, has reportedly acquired a substantial stake in Kenvue Inc (NYSE:KVUE), the company behind popular consumer products like Tylenol and Listerine. What Happened: Starboard Value is pushing for changes at Kenvue, which was spun off from Johnson & Johnson (NYSE...

Activist investor Starboard Value has invested approximately $1 billion in Pfizer Inc (NYSE:PFE). This strategic move occurs as the pharmaceutical giant grapples with a downturn in demand for its COVID-19 vaccines and treatments. What Happened: Starboard has engaged former Pfizer executives, Ian...

Activist fund Elliott Management has made several moves in 2024 including targeting coffee chain Starbucks Corporation (NASDAQ:SBUX), which recently announced a new CEO. A new 13F filing reveals three other key areas Elliott is increasing focus on. Match Group: Online dating company Match Group Inc...

Editor's Note: The story has been updated with a response from Autodesk spokesperson on the report. Activist investor Starboard Value has reportedly acquired a significant stake in Autodesk Inc (NASDAQ:ADSK) and is advocating for changes within the company. Autodesk’s architecture,...

Editor’s Note: The article has been updated with a response from Trian Partners. Activist investor Nelson Peltz has divested his entire stake in Disney (NYSE:DIS) at approximately $120 each, netting around $1 billion. What Happened: The sale follows a recent proxy battle loss for Peltz’...

One of the key figures in the GameStop Corporation (NYSE:GME) short squeeze of 2021 is set to appear on "Benzinga Live" Thursday, sharing an update on his previous bearish take on the video game retailer. What Happened: Activist investor, short seller, and Citron Research founder Andrew Left...