10 Stocks Targeted by Activist Investors Right Now

5. ANCORA Advisors at the Norfolk Southern Corporation (NYSE:NSC)

Market Cap: $48.30 Billion

ANCORA Advisors” Equity Stake: $1 Billion

When activist investor ANCORA Advisors acquired $1 billion worth of stakes in Norfolk Southern Corporation (NYSE:NSC), it insisted the company had become the worst-performing US Class 1 freight railways. It cited failed strategies, insufficient accountability, and poor leadership oversight as reasons Norfolk Southern Corporation (NYSE:NSC) has been unable to generate optimum shareholder value.

As part of its aggressive activist campaign, the hedge fund pushed for eight new independent directors who would be required to appoint a new CEO. The hedge fund has already secured three seats on the board but has yet to unsettle the current CEO, Alan Shaw, as it continues to wedge its activist campaign.