VF Corp.’s Shares Jump on Activist Investor’s Move
October 17, 2023
Shares of VF Corp. jumped 14 percent on Tuesday after activist investor Engaged Capital reported that it had built a stake in the owner of Vans and The North Face and planned to push for changes, including steep cost cuts and a board overhaul.
Shares were up $2.26 on Tuesday to $18.45. VF started the year at $27.61. SGB