10 Stocks Targeted by Activist Investors Right Now

6. Elliott Management at the Southwest Airlines Co. (NYSE:LUV)

Market Cap: $16.27 Billion

Elliott Investment’s Equity Stake: $1.9 Billion

Southwest Airlines Co. (NYSE:LUV) has been a big disappointment, losing more than 50% of market value over the past three years. The stock dropped by 21% in 2023 as the S&P 500 gained 24%. The underperformance has caught the attention of Elliott Investment Management, making Southwest Airlines Co. (NYSE:LUV) one of the 10 stocks targeted by activist Investors right now.

The activist hedge fund believes it is high time CEO Bob Jordan and Chairman Gary Kelly resigned, having confirmed a $1.9 billion stake in Southwest Airlines Co. (NYSE:LUV). Consequently, it is pushing for management changes and business reviews to revitalize its growth metrics. While Elliott is one of the most prominent investors with an 11% stake, Southwest Airlines Co. (NYSE:LUV) has received support from Artisan Partners in its campaign to unlock value through management changes.