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Elliott Management Is Reportedly Betting Big on Starbucks (SBUX) Stock. What That Means.

On Friday, The Wall Street Journal reported that activist investor Elliott Management had taken a large stake in Starbucks (NYSE:SBUX). The exact size of the position is unknown, although Elliott has already engaged in talks with the company about how to push up the price of SBUX stock. Elliott’s specific goals are still unclear, such as whether it is seeking a board seat.SBUX stock is down by nearly 20% year-to-date (YTD), severely underperforming the S&P 500.The coffee chain is experiencing several issues ...