Monro recovers poise after activist investor Icahn discloses stake
05/11/2025 14:06
** Shares of automotive services company Monro MNRO.O climb 18% to $18.06 premarket, after activist investor Carl Icahn reveals stake ** Stock on track to claw back some losses after last week's slide, when Q2 revenue miss triggered its sharpest intraday drop in nearly three months ** Carl Icahn's eponymous investment firm IEP.O discloses 14.79% stake in co, worth $67.8 mln based on MNRO's last close ** Icahn, veteran corporate raider, has history of pushing for change at companies he invests in ** MNRO has lost 38% YTD, as of last close (Reporting by Niket Nishant in Bengaluru) ((Niket.Nishant@thomsonreuters.com))