Key TakeawaysThe S&P 500 added 1.3% on Thursday, Feb. 1, 2024, with strong earnings helping stocks recover after Wednesday's Fed meeting suggested an uncertain path ahead.Activity by activist investors helped shares of Etsy Inc. and Norfolk Southern Corp. post solid gains.Shares of Zions Bancorporation and other regional lenders moved lower amid renewed concerns about the health of the banking industry.Major U.S. equities indexes advanced on Thursday, changing course from declines the previous day after the ...

Etsy董事会任命 - Etsy Inc.宣布任命Elliott Investment Management合伙人Marc Steinberg加入其董事会[1][2] - Etsy董事会主席Fred Wilson表示任命Marc Steinberg是为了增强董事会的视角和专业知识[3] Elliott Investment Management投资 - Elliott Investment Management成为Etsy的“重要投资者”，持有公司13%的股份[1] - Marc Steinberg表示他们成为Etsy的重要投资者是因为相信有机会创造重大价值[3]

E-commerce specialist Etsy (NASDAQ:ETSY) — which focuses on handmade or vintage items and craft supplies — saw its shares pop higher on activist investing news. Specifically, Elliott Management partner Marc Steinberg will join the company’s board of directors. In addition, the activist firm disclosed a “sizable” investment in ETSY stock, which could also benefit from bullish speculation.According to CNBC, Elliott built a roughly 13% position in ETSY stock, per a person familiar with the matter. This economi ...

Investors bought up shares of Etsy Inc. on Thursday after the online crafts marketplace added to its board of directors a partner of hedge fund Elliott Investment Management L.P., which recently acquired a “sizable” stake in the company.Etsy said Marc Steinberg, who is responsible for public- and private-equity investments at Elliott, has been appointed to the board, effective Feb. 5, and will also join the board’s audit committee.“Etsy has a highly differentiated position in the e-commerce landscape and a ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Activist investors are coming for Etsy.Elliott Management, the investment management firm known for its aggressive governance tactics, has built a roughly 13% position in Etsy’s stock, CNBC reports — a mix of shares and options. It makes Elliott Etsy’s largest investor after Vanguard, which has an 11% share, and the asset management giant BlackRock (5%).And — as of today — Elliott has representation on Etsy’s board of directors. The company announced this morning that Marc Steinberg, an Elliot partner, will ...

Etsy公司动态 - Etsy宣布Marc Steinberg加入董事会后，股价上涨约10%[1] - Elliott Management通过购买Etsy股票持有了约13%的股份[2] - CEO Josh Silverman对Steinberg的加入表示期待，认为他的经验将有助于创造更大价值[3] - Etsy的增长放缓，仍在摆脱一些昂贵的收购[4] Etsy与Pinterest比较 - Pinterest股价自Steinberg加入董事会以来上涨超过50%[5] - Etsy拥有超过9700万活跃买家，仍是一个重要的电子商务平台[6]

In this articleEtsy Sellers Market in Times Square celebrating Etsy's celebration going IPO at Nasdaq on April 16, 2015 in New York City.Activist investor Elliott Management has a "sizable" investment in e-commerce firm Etsy, which announced on Thursday that Elliott partner Marc Steinberg would join the company's board.The activist investor has built a roughly 13% position in the stock, a person familiar with the matter told CNBC.Etsy shares shot up more than 10% on the news. Elliott and Etsy have been meet ...

Etsy Inc (NASDAQ: ETSY) just named Marc Steinberg – partner at Elliott Investment Management – to its board. Shares of the eCommerce giant are up 11% at writing.Who is Marc Steinberg?Copy link to sectionSteinberg is responsible for equity investments across several industries, including tech, media, and telecom at the investment management firm. He serves as a director at Pinterest as well.  Josh Silverman – the chief executive of Etsy said in a press release today:We’ve gotten to know Marc and appreciate h ...

The most recent trading session ended with Etsy (ETSY) standing at $70.82, reflecting a +1.86% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.76%. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 1.12%.The online crafts marketplace's shares have seen a decrease of 14.21% over the last month, not keeping up with the Computer and Technology sector's gain of 4.99% and the S&P 500's gain of 2.5%.The upcoming ea ...