What's Going On With Southwest Airlines Stock Today?
Portfolio Pulse from Adam Eckert
Southwest Airlines shares are fluctuating after Elliott Investment Management called for a special shareholder meeting and nominated eight directors to the board. Elliott, holding an 11% stake, is pushing for governance changes due to Southwest's post-pandemic profitability struggles. Despite Southwest's new 'Even Better' plan, Elliott insists on new management for effective execution.
October 14, 2024 | 3:02 pm
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Elliott Investment Management, holding an 11% stake in Southwest Airlines, is pushing for board changes and new management, citing the airline's profitability struggles. This activist move could lead to significant governance changes at Southwest.
Elliott's call for a special shareholder meeting and board nominations indicates a strong push for change, which could lead to improved governance and potentially better financial performance. This activist involvement is likely to positively impact the stock in the short term as investors anticipate changes.
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