​CBJ Morning Buzz: Lowe's stock surges as activist takes $1B stake; NFL anthem policy reignites debate; Uptown worker dies in fall

In local news: Shares of Lowe's Cos. Inc. (NYSE: LOW) shot up more than 10% yesterday, despite the company's miss on sales and revenue projections, as news emerged that an activist investor has amassed a $1 billion stake in the Mooresville-based retail giant. Multiple news reports indicate Bill Ackman, who leads activist hedge fund Pershing Square, disclosed the stake during remarks at a at a Kirkland & Ellis conference in New York. Ackman is not seeking a board seat, sources told CNBC, and he's…

from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2018/05/24/cbj-morning-buzz-lowes-stock-surges-as-activist.html?ana=RSS&s=article_search