Activist investor Elliott buys stake in Starbucks after boosting Pinterest stock by 100%.
Activist investment firm Elliott Investment Management, having boosted Pinterest stock by over 100%, has reportedly purchased a stake in Starbucks. With Starbucks' stock down nearly 16% in the last five years, investors are looking to Elliott for potential improvements. Elliott's influence is expected to follow a similar pattern as seen with Pinterest, where the firm's 9% stake resulted in a significant stock increase.
July 28, 2024
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