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Elliott Management Takes Significant Stake in Starbucks, Shares Jump 4%
Jul 19, 2024, 06:41 PM
Activist investor Elliott Management has built a sizable, undisclosed stake in Starbucks, according to a report by the Wall Street Journal. Elliott is reportedly pushing the coffee giant privately on ways to boost its stock price. Following the news, Starbucks shares jumped more than 4%, with $SBUX rising by 6%.
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