Southwest Stock Takes Off as Elliott Calls for Shakeup of Airline

Key TakeawaysSouthwest Airlines shares surged Monday on word activist investor Elliott Investment Management took a $1.9 billion stake in the carrier and called on its board to make changes.Elliott blamed poor execution and leadership's inability to move the company forward for Southwest's struggling stock price.The investor said with the changes it recommends, Southwest shares could soar. Southwest Airlines (LUV) shares flew higher Monday after activist investor Elliott Investment Management announced it h ...