Elliott Management's Activist Campaign Boosts Goodyear Tire Stock.
Goodyear Tire's stock jumped 20% after activist investor Elliott Investment Management reported a 10% stake and plans to seek five board seats, as well as the sale of its company-owned store network. Elliott believes that Goodyear could unlock more than $21 a share in value if it goes forward with the investor's suggestions, including exploring ways to monetize its company-owned store network and improving its margin. Goodyear said it plans to meet with Elliott and discuss its views about the tiremaker.