NYSE:BP - New York Stock Exchange, Inc. - US0556221044 - ADR - Currency: USD
From Walgreens' breakup to Forever 21's pending bankruptcy, M&A and drama unfold in this week's edition of Deal Dispatch.
Recently, new call option buying activity has floated into three stocks, signaling to investors that traders are highly convinced of higher prices ahead.
Bloomberg reported, citing people with knowledge of the matter, that Elliott viewed BP CEO Murray Auchincloss’s turnaround plan as lacking urgency and ambition.
The company said it would fundamentally reset its strategy and share it with investors at its Capital Markets day on Feb. 26.
BP announces its big "reset" on Wednesday, and Wall Street expects a pivot away from renewables and a doubling down on oil and gas.
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