Bath & Body Works is trading at $18.39 (+5.42%) after Barington Capital disclosed an approximately one-million-share stake and urged a strategic sale.
- The activist also called for aggressive share repurchases and may pursue board representation, increasing takeover speculation.
- Shares advanced 2.3% in extended trading on September 10 following the report.
- Broader market gains may provide additional support, but the company-specific catalyst appears primary.