Samsung stock hits new high, Note 7 crisis.
Samsung is grappling with a huge and embarrassing recall of one of its flagship smartphones, but its stock just hit a new high.
What gives? Samsung (SSNLF) shares trading in Seoul jumped 4.5% on Thursday after an activist hedge fund called for an overhaul of the South Korean company's complicated structure and a special $27 billion payout to shareholders.
The U.S. fund, Elliott Management, argues that Samsung's relatively cheap share price could skyrocket if the company's management is willing to make a series of key reforms.
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