Kenvue Inc. (KVUE) shares jumped on Monday following reports that activist investor Starboard Value has acquired a significant stake in the company. Starboard is pushing for changes to boost the consumer-products company’s share price, citing underperformance compared to competitors. The move could lead to a sale of Kenvue’s skin, healthcare, and beauty division, according to industry analysts.
Newell Brands (NWL) stock has been struggling due to a challenging macroeconomic environment and muted demand for its products. The company faces a tough outlook, with projected sales declines and earnings pressure. However, Newell Brands is implementing initiatives to improve productivity and efficiency, focusing on core business resilience, and advancing its e-commerce strategy. Despite the current challenges, Newell Brands remains committed to long-term growth.
