SAP Dethrones Novo, RWE Gains on Elliott Interest, Thales Rises
On this episode of Stock Movers: - SAP claimed the title of Europe’s most valuable public company, replacing Danish weight-loss drug maker Novo Nordisk. Shares of SAP, which have been powered by growing investor optimism over its cloud-based software, rose 1,6% on Monday, valuing the German company at about €314 billion ($340 billion). - Elliott Investment Management called on RWE to ramp up buybacks after amassing a stake of close to 5% in the German utility. “We share the market’s disappointment with the lack of clarity regarding the company’s commitment to…
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