Kenvue Inc. Common Stock (KVUE)

Kenvue Inc (NYSE:KVUE) shares are trading higher Monday following reports that a New-York based hedge fund has amassed a stake and is pushing for changes.

Earlier this month, the company appointed three new directors, including Starboard Value CEO Jeffrey Smith, to its board as part of an agreement with the activist hedge fund after months of back-and-forth.

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KVUE earnings call for the period ending December 31, 2024.

Kenvue posted mixed Q4 earnings, with in-line EPS but revenue below estimates, driven by challenges in its Skin Health and Beauty segment.