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Why Shares Of Lear Corporation Were Trading Higher On Tuesday

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Shares of Lear Corporation (NYSE: LEA) were trading higher by nearly 5 percent Tuesday morning after activist investment firm Marcato Capital is reportedly pushing the company to split.

CNBC's Kate Kelly tweeted that Marcato Capital wants the company to separate its electrical and seating business units in order to improve its stock performance. At the same time, Marcato Capital is also pushing the company to initiate a share buyback program.

Shares of Lear recently traded at $107.24, up 4.3 percent.

 

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Posted-In: Actvist Investor CNBC Kate Kelly lear corporation Marcato CapitalNews Intraday Update

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