Elliott Management Is Betting Big on Southwest Airlines (LUV) Stock

Southwest Airlines (NYSE:LUV) jumped 8% over the weekend on news Elliott Management invested $2 billion in LUV stock.The move makes Elliott one of Southwest’s biggest owners.The activist investor is expected to push for changes aimed at increasing returns to investors.LUV stock was due to open this morning at about$30 per share, and its market capitalization was nearly $18 billion.Not Feeling the LuvWhile the news means LUV stock is now up slightly for 2024, it’s down over the last 12 months and off 40% fr ...