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Starbucks (SBUX) Soars 6.9%: Is Further Upside Left in the Stock?
StarbucksStarbucks(US:SBUX) ZACKS·2024-07-22 20:30

Starbucks (SBUX) shares rallied 6.9% in the last trading session to close at $79.27. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 6.9% loss over the past four weeks.Shares of Starbucks jumped after Elliott Investment Management purchased a sizeable minority stake in the coffee chain. Per the report, the purchase has given a gentle push to the stock price performance, which has been navigating a challenged ...