Pfizer Stock Soars as Activist Investor Starboard Takes $1 Billion Stake

Pfizer's (PFE, Financial) stock experienced a boost on Monday, surging by 3 %, following the news that activist investor Starboard Value has acquired a substantial stake in the pharmaceutical giant. The investment, valued at approximately $1 billion, could regain investor confidence in Pfizer. Starboard, which is known for its aggressive approach to corporate governance, is reportedly seeking to revitalize Pfizer's performance and unlock shareholder value. The activist firm has reportedly enlisted former Pf ...