Pepsi Faces Potential Shake-Up: Elliott’s Bold Activist Move Sparks 4% Surge in Shares—What Investors Need to Know
PepsiCo’s stock surged over 4% in premarket trading recently, triggered by a game-changing revelation: Elliott Investment Management has quietly amassed a massive $4 billion stake, positioning itself as one of PepsiCo’s top five active investors beyond the usual index funds. This move, reported by the Wall Street Journal, signals a potential turning point for the…