Some news Friday that Elliott Management has “taken a significant stake” in SBUX 0.00%↑ .
Stock popped roughly 5%. It’s worth noting that there remains an unfilled gap beginning around $60, which dates back to emergence from COVID lows.
We can see options volume has picked up significantly since May 1st.
The company reports on 7/30. I want to see more before developing a plan on this one.