All activists have great Technical guys from what I see
Absolutely no surprise to see Starboard make an announcement that they have bought a $1 Billion stake on the 200 Day MA, price has been below $31 since October '23
So this has been consolidating for a long time and Starboard are right to demand changes and expect to free up value here soon
My impulse wave is still maintained and I believe this move by Starboard is enough of a catalyst to allow this to move higher in Wave 3 shortly.
Dividend of +5% is also attractive too.
Millie Leung
2024-10-07 14:01:06 +0000 UTC