Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | Getty Images Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today.
Sign up for free to receive it directly in your inbox. Here's what CNBC TV's producers were watching as stocks' comeback rally took a break on Tuesday and what's on the radar for the next session. Elliott Management On Wednesday, CNBC's Leslie Picker will go in depth on some of Elliott Management's recent activist campaigns.
The firm has become perhaps the most active of activists with several big investments in the last few months. We learned on May 28 that Elliott bought into Texas Instruments . The stock is up 1.
7% since then. On June 10, we found out Elliott Management was buying into Southwest Airlines and that the investor was pushing for a course correction. The stock is down 4.
4% since then. On July 19, we learned about Elliott Management building a stake in Starbucks . The stock is up 16% since then.
However, the coffee company also hired Brian Niccol as its new CEO , which likely counts for most of the gain in the shares. The stock was up nearly 25% on Aug. 13, the day Starbucks announced Niccol would take the helm.
The dates above represent when we found out about the investments. Elliott's positions may be up more or down more since it started buying into the stocks listed. Stock Chart Icon Stock .