Shares of Lowe's Rise Following Comment From New Investor

After news that an activist investor who recently bought a stake in Lowe's said he sees the company as worth triple its value, shares of chain store Lowe's jumped Friday. According to Bloomberg, the investor, D.E. Shaw, whose stake in the company is worth around $1 billion, believes the home retailer can measure up to rival Home Depot if it makes the right changes.