Several media reports stated that Elliott Management has taken a "significant" stake in NetApp Inc. (NTAP) and intends to push for changes to the board.
NetApp spiked to the upside late Thursday morning and ended the session higher by 2.23 at $38.46, with volume at over an 11-month high. The stock broke out to a new high for the year.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.