Shares of VF Corp. (VFC) jumped by more than 14% in Tuesday trading. As of late morning, it was the top performer in the S&P 500. If the gains hold, it would be VF’s best single-day performance since October 2008.
The apparel and footwear conglomerate, whose brands include Vans, The North Face, and Timberland, will soon face the wrath of activist investor Engaged Capital, who is said to have built a significant stake in the company.
