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Crazy start to week on Wall Street, activist investor acquires larger share of Southwest Airlines
Manage episode 438162025 series 1511546
Activist investor Elliott Investment Management on Tuesday acquired a 10 percent stake in Southwest Airlines -- enough to call a special meeting of shareholders. It came on the same day that stocks overall performed poorly. KRLD Business Analyst David Johnson breaks down what both events mean.
Photo: A Southwest Airlines plane takes off from Hollywood Burbank Airport as other Southwest planes are parked at their gates on July 25, 2024, in Burbank, California. (Photo by Mario Tama/Getty Images)
1193 episodios
Manage episode 438162025 series 1511546
Activist investor Elliott Investment Management on Tuesday acquired a 10 percent stake in Southwest Airlines -- enough to call a special meeting of shareholders. It came on the same day that stocks overall performed poorly. KRLD Business Analyst David Johnson breaks down what both events mean.
Photo: A Southwest Airlines plane takes off from Hollywood Burbank Airport as other Southwest planes are parked at their gates on July 25, 2024, in Burbank, California. (Photo by Mario Tama/Getty Images)
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