AREX Capital Management's public statement and nomination of seven directors for Enhabit's board highlight concerns over the company's strategic direction and governance. While this move underscores significant shareholder unrest, its immediate impact on the stock price is uncertain due to the lack of a clear outcome from the proposed board changes. However, it indicates a push for operational improvements and strategic reassessment, which could lead to volatility in the stock's performance as the market reacts to these developments.