This Big New Development Could Be Bullish for Kenvue Stock
Kenvue (KVUE) The Motley Fool·2024-10-30 18:15
Can tinkering around the edges actually make this stock more attractive? Starboard Value, the activist investing group that's making waves thanks to its new $1 billion stake in Pfizer, now also has a position in the consumer healthcare business Kenvue (KVUE -0.44%). The group will seek to engage with management and propose changes to the company's operations with the aim of unlocking better returns for shareholders than the stock's 10.5% loss since its spinoff from Johnson & Johnson in 2023. The activist's ...