"Engaged Capital Gains Support, Propelling VF Corp (VFC) Stock Soar"
VF Corp (VFC) stock surged 11.8% after activist investor Engaged Capital gained support from VF Corp's founding family in its push for board seats and faster changes at the company. The move comes as Engaged Capital has influenced cost-cutting measures and strategic reviews at VF Corp and identified director candidates with retail and turnaround expertise. The market's perception of the business was significantly impacted by this news, with VF Corp's shares showing volatility. Despite a weaker quarter and a 7.2% decline since the beginning of the year, the stock's recent surge reflects investor optimism following the activist investor's involvement.