Middleby (MIDD) Stock Trades Up, Here Is Why
  • January 24, 2025

Middleby (MIDD) Stock Trades Up, Here Is Why

Shares of kitchen product manufacturer Middleby (NYSE:MIDD) jumped 15.1% in the afternoon session after The Wall Street Journal reported that activist Garden Investments built a ~5% stake in the company and plans to push for changes. This move is noteworthy given that activist investors often bring about significant changes in targeted companies, focusing on improving asset monetization, expense efficiency, and stock buybacks.