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It is not unusual that when activist hedge funds announce they have accumulated an equity position in a company, it can have an uplifting effect
It is not unusual that when activist hedge funds announce they have accumulated an equity position in a company, it can have an uplifting effect on its stock price. For example, when well-known activist Carl Icahn announces a stock position in a company at which he intends to become an activist, the stock undergoes what some have euphemistically referred to as the "Icahn lift."
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