Reported about 1 month ago
Kenvue's stock has jumped in pre-market trading after reports emerged that activist investor Starboard Value acquired a significant stake in the company. Starboard, known for its investments in major corporations like Starbucks and Pfizer, is focused on enhancing Kenvue's stock price. Kenvue, which specializes in consumer health products such as Tylenol and Band-Aids, was spun off from Johnson & Johnson in 2023.
Source: YAHOO