5 Biggest Stocks Targeted By Activist Investors Right Now

In this article, we’re going to take a look at the five biggest stocks targeted by activist investors right now. To see more stocks picks, you can head over the 10 biggest stocks targeted by activist investors right now.

5. Norfolk Southern Corp (NYSE:NSC)

Market Cap: $58.63 billion

Norfolk Southern Corp (NYSE:NSC), which has a market cap of $58.63 billion, is one of the largest railway companies in the US. One of the company’s shareholders is Ancora Advisors, led by Frederick DiSanto, which holds 357,197 shares of the company, as of the end of 2023. However, Ancora has also been engaged in a rather fierce proxy fight with Norfolk Southern Corp. The investor has been pushing for the removal of CEO, as well as the rest of the management team and the board of directors. Ancora has reaffirmed its position in a recent statement issued following a derailment in Lower Saucon Township. However, Norfolk Southern Corp (NYSE:NSC) has been fighting back, saying that the CEO has the full support of the current board and that the company has been more focused on safety.

During the fourth quarter, Norfolk Southern Corp (NYSE:NSC) saw the number of bullish investors among those tracked by Insider Monkey increase to 50 from 44. These funds include Ken Fisher’s Fisher Asset Management, John Overdeck and David Siegel’s Two Sigma Advisors, and Israel Englander’s Millennium Management.