Southwest Airlines Co. (LUV)
Southwest Airlines shares lifted as activist Elliott builds large stake
Southwest Airlines Co (NYSE:LUV) shares flew higher premarket on Monday, fueled by news that activist investor Elliott Investment has built a stake. Known for agitating for management to make changes in companies on both sides of the Atlantic, the activist investor is reported by the Wall Street Journal to be intent on its standard playbook for the Dallas, Texas group.
Elliott Takes Big Stake in Southwest Airlines
Elliott Investment Management has built a stake of nearly $2 billion in Southwest Airlines LUV -0.36%decrease; red down pointing triangle and plans to push for changes aimed at reversing the airline's underperformance.
3 Sorry Travel Stocks to Sell Now While You Still Can: Summer Edition
Thinking about travel stocks to sell may seem counterintuitive, with the summer season expected to heat things up for the travel industry. Despite the macroeconomic headwinds, analysts expect robust demand in the upcoming months.
How Does The Current Performance Of Southwest Airlines Stock Compare With The 2008 Recession?
Southwest Airlines stock (NYSE: LUV) currently trades at $27 per share, more than 55% below its level in April 2021, and it can see higher levels over time. Southwest Airlines Southwest Airlines saw its stock trading at around $36 in early June 2022, just before the Fed started increasing rates, and is now 26% below that level, compared to 40% gains for the S&P 500 during this period.
