The following video is from Thursday's Investor Beat, in which host Chris Hill and Motley Fool analysts Tim Hanson and Matt Koppenheffer dissect the hardest-hitting investing stories of the day.
Activist investor Dan Loeb holds a 9% stake in Sotheby's (NYSE:BID), and is now calling for the auction house's CEO, William Ruprecht, to step down, bringing the stock up to a two-year high. In the lead story on today's Investor Beat, Tim and Matt take a look at Loeb's case and activist investor trends on the whole. They also share their thoughts on whether Sotheby's is a buy, sell, or hold at today's prices.
Chris Hill, Matt Koppenheffer, and Tim Hanson have no position in any stocks mentioned. The Motley Fool recommends Sotheby's. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.