Bloomin' Brands shares are trading higher after Starboard Value disclosed a 9.9% stake in the company.
Portfolio Pulse from Benzinga Newsdesk
Starboard Value has disclosed a 9.9% stake in Bloomin' Brands, leading to a rise in the company's shares.
August 18, 2023 | 3:29 pm
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Bloomin' Brands shares are trading higher after Starboard Value disclosed a 9.9% stake in the company.
The disclosure of a 9.9% stake by Starboard Value in Bloomin' Brands has led to an increase in the company's share price. This is because such a significant investment by a well-known entity often signals confidence in the company's future prospects, leading other investors to buy shares as well.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100