This Activist Investor Says Cognizant Stock Can Gain About 70%
Cognizant Technology Solutions Corp (NASDAQ:CTSH) hit the headlines Monday when CTSH stock surged about 7% on the news of Elliott Management Corp. sending a letter to the company outlining its value-enhancement plan. Elliott is the hedge fund run by billionaire investor Paul Singer, and according to the letter sent yesterday, the fund detailed value creation measures that it believed could propel the stock by nearly 70% in just over a year.
Elliott is one of the top four.
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Cognizant Technology Solutions Corp (NASDAQ:CTSH) hit the headlines Monday when CTSH stock surged about 7% on the news of Elliott Management Corp. sending a letter to the company outlining its value-enhancement plan. Elliott is the hedge fund run by billionaire investor Paul Singer, and according to the letter sent yesterday, the fund detailed value creation measures that it believed could propel the stock by nearly 70% in just over a year.
Elliott is one of the top four.
Den vollständigen Artikel lesen ...