BTIG Reiterates Buy Rating on Starbucks (SBUX)
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Starbucks (SBUX) call put ratio 1.8 calls to 1 put after WSJ report of big Elliott stake
July 22, 2024 4:56 AM EDTStarbucks (NASDAQ: SBUX) 30-day option implied volatility is at 41; compared to its 52-week range of 15 to 43 after WSJ report of big Elliott stake.
... MoreStarbucks surges as activist Elliott takes sizeable stake, WSJ Says
July 22, 2024 2:52 AM EDTInvesting.com -- Starbucks jumped late into the close Friday after the Wall Street Journal reported that activist fund Elliott Investment Management has taken a sizeable stake in the coffee chain.Â
Starbucks Corporation (NASDAQ: SBUX) closed up 6.9% Friday, but is nursing losses of about 15% year to date.Â
Elliott,... More
Activist investor Elliott builds sizeable stake in Starbucks, say sources
July 19, 2024 2:49 PM EDTBy Svea Herbst-Bayliss
(Reuters) -Activist investor Elliott Investment Management has built a sizable position in Starbucks and has been discussing ways of improving the coffee chain's stock performance, two sources familiar with the matter told Reuters on Friday.
Starbuck's stock price, which has lost 23% over the last 52 weeks, jumped nearly 7% to end trading at $79.27 on Friday.
The stock price took a hit in April when Starbucks, the world's biggest coffee company by location and sales, reported a drop in same-store sales for the first time in nearly three years.
It also reported lower than... More
Activist Elliott Takes Big Stake In Starbucks (SBUX) - WSJ
July 19, 2024 2:39 PM EDT(Updated - July 19, 2024 2:41 PM EDT)
Activist investors Elliott has built a sizable stake in Starbucks (NASDAQ: SBUX) and has been pushing it on ways to boost its stock price, according to a report from the Wall Street Journal, citing people familiar with the matter.
... More
