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STORY: Nissan shares jumped as much as 6% on Friday (Nov 15) after a report that activist investor Oasis Management had taken a stake in the automaker.

Nissan's stock had also jumped on Tuesday after a filing showed an entity related to activist Effissimo Capital Management had also invested.

Shareholder activism has been gaining traction in Japan.

Japan's Diamond Online magazine cited an unnamed person as saying Oasis had taken a stake in Nissan before Effissimo.

Although the report said that the size of the stake and when the shares were bought were not clear.

An Oasis representative declined to comment on the report.

International and domestic investors are demanding firms to improve corporate governance and capital allocation at a record pace, also helped by regulators' guidance.

Nissan last week issued a profit warning and said it would slash 9,000 jobs and a fifth of its global manufacturing capacity.

That's amid a sales slump in its two biggest markets, China and the United States.

The stock is down 35% from its high this year.