Why VF Stock Jumped This Week
Week to date, shares of VF Corp (NYSE: VFC) were up 20% through Thursday's market close, according to data provided by S&P Global Market Intelligence.
The move followed a presentation by Engaged Capital, one of the company's top shareholders, that laid out a case for why the stock could be undervalued.
Engaged Capital invests in underperforming companies on the cheap. The goal is to take a big stake in the stock and influence changes to management's strategy that lead to better financial performance and, therefore, a higher stock price.
Source Fool.com
