Southwest Shares Jump 9% After Elliott Takes Nearly $2 Billion Stake

Jun 10, 2024  · Shares of Southwest Airlines rose 9% on Monday and headed toward their largest single-day gain in nearly four years, after activist firm Elliott Investment Management …


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Southwest Shares Jump 9% After Elliott Takes Nearly $2 Billion Stake

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Jun 10, 2024  · Shares of Southwest Airlines rose 9% on Monday and headed toward their largest single-day gain in nearly four years, after activist firm Elliott Investment Management …

forbes.com

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Southwest Airlines' Stock Surges After Activist Elliott Says It Can ...

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Jun 10, 2024  · Elliott said Monday that it has invested about $1.9 billion in Southwest, which represents about nearly 11% of the air carrier's current market capitalization of $17.67 billion, …

morningstar.com

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Elliott Takes Nearly $2 Billion Stake In Southwest Airlines, WSJ Reports

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Jun 9, 2024  · (Reuters) -Activist investor Elliott Investment Management has built a nearly $2 billion stake in Southwest Airlines and plans to push for changes aimed at reversing the …

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Activist Investor Disclosed A $1.9 Billion Stake In Southwest Airline

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Jun 11, 2024  · The Wall Street Journal reported that activist investor Elliott Investment Management had built a nearly $2 billion stake in the U.S. carrier. Elliott is one of Southwest's …

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Southwest Shares Jump After Activist Elliott Buys $2B Stake

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Jun 10, 2024  · News of Elliott’s activist investment comes roughly a month and half after Southwest reported first-quarter operating revenue of $6.3 billion and a net loss of $231 million.

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Activist Investor Elliott Calls For Southwest Airlines Leadership ...

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June 10 (Reuters) - Elliott Investment Management called for leadership and board changes at Southwest Airlines , opens new tab after reporting a stake worth about $1.9 billion in the U.S. …

reuters.com

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Activist Investor Elliott Calls For Southwest Airlines Leadership ...

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Jun 10, 2024  · Dallas-based Southwest's shares were up 7% at $29.71 after the activist investment management firm disclosed an 11% stake in the company, making it one of the …

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Southwest Airlines Stock Jumps; Activist Investor Plots Turnaround …

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Jun 10, 2024  · LUV shares gained altitude Monday following reports over the weekend that activist investor Elliott Investment Management has a nearly a $2 billion stake and has made …

investors.com

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Activist Investor Elliott Takes Nearly $2 Bln Stake In Southwest Airlines

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Investing.com -- Shares in Southwest Airlines (NYSE:LUV) surged by more than 6% in premarket U.S. trading on Monday after Elliott Investment Management revealed that it had built up a …

msn.com

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Elliott Takes Nearly $2 Billion Stake In Southwest Airlines, WSJ ...

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Jun 10, 2024  · Activist investor Elliott Investment Management has built a nearly $2 billion stake in Southwest Airlines and plans to push for changes aimed at reversing the airline's …

reuters.com

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Elliott Targets Southwest CEO In $1.9 Billion Activist Push (2)

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Jun 10, 2024  · Activist Elliott Investment Management called for sweeping changes to Southwest Airlines Co. ’s leadership to reverse what it sees as years of underperformance by one of the …

bloomberglaw.com

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Elliott Takes Nearly $2 Billion Stake In Southwest Airlines - Skift

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Jun 10, 2024  · Southwest shares were up nearly 7% following the news. Elliott said it believed that with certain changes, Southwest’s shares could go up as much as $49 within 12 months. …

skift.com

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Activist Investor Takes Big Stake In Southwest Airlines

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Jun 10, 2024  · Elliott Investment Management has taken a nearly $2 billion stake in Southwest Airlines, meaning it now owns around 11% of outstanding shares of the airline. The firm plans …

onemileatatime.com

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Activist Investor Elliott Calls For Southwest Airlines Leadership ...

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Jun 10, 2024  · (Reuters) -Elliott Investment Management called for leadership and board changes at Southwest Airlines after reporting a stake worth about $1.9 billion in the U.S. carrier, saying …

yahoo.com

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Elliott Takes Nearly $2 Billion Stake In Southwest Airlines, WSJ Reports

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Jun 9, 2024  · Elliott takes nearly $2 billion stake in Southwest Airlines, WSJ reports ... (Reuters) -Activist investor Elliott Investment Management has built a nearly $2 billion stake in Southwest …

yahoo.com

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Elliott Sends Letter And Presentation To The Board Of Southwest …

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Jun 10, 2024  · Elliott noted that Southwest's share price has declined by more than 50% over the past three years and is now below the levels at which it traded in March 2020 during the …

prnewswire.com

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Elliott Reportedly Builds Big Stake In Southwest Airlines, Will Seek ...

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Jun 10, 2024  · Neither Southwest nor Elliott immediately responded when asked for comment. Southwest shares (LUV) have sunk more than 50% over the past three years, and are down …

morningstar.com

FAQs about Southwest Shares Jump 9% After Elliott Takes Nearly $2 Billion Stake Coupon?

Does Elliott investment management have a stake in Southwest Airlines?

(Reuters) -Activist investor Elliott Investment Management has built a nearly $2 billion stake in Southwest Airlines and plans to push for changes aimed at reversing the airline's underperformance, the Wall Street Journal reported on Sunday, citing people familiar with the matter. ...

Did Elliot want a new CEO at Southwest Airlines?

In a letter to Southwest's board of directors, Elliot said it wanted a new CEO at the airline, along with other major changes. Elliott Investment Management, an activist fund, has built a nearly $2 billion stake in Southwest Airlines, The Wall Street Journal reported — citing sources. The stake made Elliott one of Southwest’s largest investors. ...

Did Southwest Airlines jump after report of Elliott's $2 billion stake?

Southwest Airlines Jumps After Report of Elliott's $2 Billion Stake Reuters A Southwest commercial airliner takes off from Las Vegas International Airport in Las Vegas, Nevada, U.S., February 8, 2024. REUTERS/Mike Blake ...

Why did Southwest Airlines stock jump on Monday?

Southwest Airlines shares jumped on Monday after activist investor Elliott Investment Management took a $2 billion stake in the carrier. Elliott, in a letter sent to Southwest's board on Monday, called on the airline to make leadership changes and take other actions, arguing the carrier needed to improve its financial performance. ...

Why did Southwest Airlines stock rise 7% in premarket trade?

Southwest Airlines shares rose about 7% in premarket trade on Monday. The Wall Street Journal reported that activist investor Elliott Investment Management had built a nearly $2 billion stake in the U.S. carrier. Elliott is one of Southwest's largest investors and plans to push for changes aimed at reversing the airline's underperformance. ...

Why was southwest's stock up 7%?

Dallas-based Southwest's shares were up 7% at $29.71 after the activist investment management firm disclosed an 11% stake in the company, making it one of the largest investors. Elliott criticized the company's leadership for "disappointing" financial performance at a time when the airline industry is experiencing strong travel demand. ...

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