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Hedge-Fund Billionaire Dan Loeb Reportedly Discloses a Stake in American Express

Stock Market Data Today
  • Hedge-fund billionaire Dan Loeb's Third Point Capital disclosed a stake in American Express, according to a report.
  • Loeb believes American Express will trade above $135 over the next 18 months — 25% above where shares were trading on Friday.
  • Years of lagging performance galvanized the American Express franchise and "forced necessary investments," Loeb said...
Mentions: Activist Investors DuPont Nestle