Sumitomo Corporation (SSUMF)
| Previous close | 26.65 |
| Open | 26.18 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 26.18 - 26.18 |
| 52-week range | 18.06 - 26.65 |
| Volume | |
| Avg. volume | 1,152 |
| Market cap | 31.995B |
| Beta (5Y monthly) | 0.77 |
| PE ratio (TTM) | 9.96 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.84 (3.19%) |
| Ex-dividend date | 28 Mar 2024 |
| 1y target est | N/A |
- Reuters
Activist investor Elliott buys stake in Japan's Sumitomo, source says
U.S. hedge fund Elliott Management Corp has bought a stake in Sumitomo Corp worth several tens of billions of yen, a person familiar with the situation said on Tuesday. The purchase follows Warren Buffett's closely watched investment in the Japanese trading house. The person did not give an exact figure for the Sumitomo transaction and asked not to be identified because the purchase has not been publicly disclosed.
- Bloomberg
Sumitomo Shares Jump After Elliott Reported to Build Stake
(Bloomberg) -- Sumitomo Corp. shares surged by the most since August 2020 after activist investor Elliott Management Corp. was said to have built a “large” stake in the Japanese trading house.Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsTesla Soars on Tentative China Approval for Driving SystemStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterBinance and CZ’s Fortunes Are Set to Grow, Jail or no JailUS Warns ICC Action on Israel Would Hurt Ceas
- Bloomberg
Elliott’s Sumitomo Stake Reflects Growing Activism in Japan
(Bloomberg) -- Elliott Management Corp. buying up a sizable stake in Sumitomo Corp. is the latest in a string of Japanese deals for the firm, and reflects the growing influence of activist investors in the East Asian country. Most Read from BloombergTesla Soars on Tentative Approval for Driving System in ChinaStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterYen Sparks Intervention Suspicion After U-Turn From 1990 LowsElliott Built ‘Large’ Stake in Buffett-Favored Sumitomo, Source
