Breaking News: Elliott Management Pushes for Honeywell Split, Sees Stock Jump
Published on November 13, 2024
Investment management firm, Elliott Management, has recently taken a $5 billion stake in Honeywell International Inc. (NASDAQ:HON) and is pushing for a major split to boost the company's value by 75%. This move has sparked excitement among investors, leading to a 3.25% increase in Honeywell's shares on November 6th. With just four days until Honeywell goes ex-dividend, shareholders are eagerly watching the stock's movement. Stocks Prognosis professionals recommend monitoring the situation closely and consider buying the stock for potential gains.
Investor opinions & comments
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SofiaLong
November 16, 2024 at 21:49
I'm considering buying Honeywell's stock now. With the stock's jump and the potential for significant gains, it seems like a good investment opportunity
PennyPaul
November 16, 2024 at 01:28
The increase in Honeywell's shares shows that investors are optimistic about the proposed split. It's a positive sign for the company
WealthyWillie
November 15, 2024 at 16:09
This news has certainly sparked a lot of interest and excitement among investors. It's always exciting to see a company's stock jump
MeganThompson
November 14, 2024 at 23:05
While a split might increase Honeywell's value, it's hard to predict how the market will react. I think it's a gamble and I'm not sure if it's worth it
RileyHughes
November 14, 2024 at 21:01
This is great news for Honeywell! I'm excited to see how the company's value will increase with the proposed split
WealthyWalter
November 14, 2024 at 16:21
I'm not convinced that a split is the best move for Honeywell. They've been performing well as a whole company and I worry that this might disrupt their success
MoneyMiles
November 14, 2024 at 15:00
I'm not sure if splitting Honeywell would really boost its value. It could also introduce more uncertainty and risks
JohnSmith
November 13, 2024 at 17:25
I've been following Honeywell for a while and this move by Elliott Management seems like a smart strategy. I'm curious to see if their plan will work
SavingsSamantha
November 13, 2024 at 14:26
This is a big move by Elliott Management and it seems like they have confidence in Honeywell's potential. I'm optimistic about the future of the company