By Chris Bailey of Financial Orbit | Friday 16 April 2021
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
First I see that GlaxoSmithKline (GSK) shares were nicely firm yesterday. As I noted here back in mid-February I could see an opportunity to buy the shares…which I did later on that month. Yesterday’s move was driven by an article – planted in the FT – which noted that “Hedge fund Elliott builds up multibillion-pound stake in GSK…Activist group’s investment comes as UK drugmaker’s performance lags rivals”.
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