Lowe's is popping after reports of an activist investor stake (LOW)

Published: 12/01/2018
Lowe's is popping after reports of an activist investor stake (LOW)
Source: MARKETS.BUSINESSINSIDER.COM

Shares of Lowe's , the home improvement retailer, jumped more than 6% after Bloomberg reported an activist investment from D.E. Shaw, a quantitative investment firm, on Friday. The size of the investment is unknown, but a 0.12% stake in the company was disclosed by D.E. Shaw in November, according to Bloomberg. D.E. Shaw plans to use its investment in the company to ask for changes that could inc

Read more
Related news
Comment
Latest in blog
FACEBOOK