Advance Auto Parts Aktie News

The two activists recently picked up three board seats at the auto parts retailer.

While Michael Burry undoubtedly pulled off one of the most masterful stock market maneuvers during the 2008 crisis with his ‘Big Short,' Burry's performance since has been checkered, albeit leaning toward successful.

While Michael Burry undoubtedly pulled off one of the most masterful stock market maneuvers during the 2008 crisis with his ‘Big Short,' Burry's performance since has been checkered, albeit leaning toward successful.

U.S. retail stocks Walmart (NYSE: WMT ), Amazon (NYSE: AMZN ) and Target (NYSE: TGT ) are using their delivery services to keep customers coming back.  A recent article from Barron's highlighted how the three companies are winning customers with superior delivery services.

Third Point gains activist stake in Advance Auto Parts, causing the stock to jump. Those who buy high-quality assets at low prices benefit when billionaire activists enter the same companies.

Automotive aftermarket parts provider Advance Auto Parts Inc.'s (AAP) shares rose 4% in early trading on Tuesday after Dan Loeb's activist hedge fund Third Point LLC disclosed a stake and added three new directors to its board on Monday.

The board refreshment comes only six months after the company picked Shane O'Kelly, a former US Army captain who had held senior roles at Home Depot, to replace Tom Greco as chief executive.

RALEIGH, N.C.--(BUSINESS WIRE)--Advance Auto Parts appoints three new Independent Directors.