US Stock Market Move | Aggressive investor Elliott increases holdings and plans to push for reform BP p.l.c. Sponsored ADR (BP.US) up over 6%.
On Monday, British Petroleum (BP.US) rose over 6%, to $34.30 in the US.
On Monday, BP p.l.c. Sponsored ADR (BP.US) rose over 6% to $34.30. In terms of news, activist investor Elliott Investment Management is reported to hold a certain amount of shares in BP p.l.c. Sponsored ADR and plans to push for reforms to enhance shareholder value. Elliott believes that the stock price of BP p.l.c. Sponsored ADR is undervalued.
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