Activist investor Elliott Management takes stake in Starbucks, discussing ways to improve stock price.

Starbucks shares jumped 7% following reports that activist investor Elliott Investment Management has taken a significant stake in the global coffee chain, discussing ways to improve its lagging stock price. Starbucks' shares could face resistance at key levels of $82, $91, $97, and $106. Analysts believe that activist involvement may provide a near-term floor for shares, though challenging decisions around growth, investments, and market strategies could be required.