OraSure Technologies Ranks Highest in Bloomberg Activism Model

OraSure Technologies Inc. and GEO Group Inc. are among the companies in the Russell 3000 Index most likely to draw interest of activist investors, based on the Bloomberg activism screening model results at the end of April. Among companies with market values of more than $5 billion, Viatris Inc. and PG&E Corp. rank highest.

The model evaluated publicly traded companies using 17 factors of returns, valuations, ownership, governance and operations. Based on four years of data, the model expects that in an average year, 20% of the 20 top companies in the year-end rankings will be targeted by activists during ...