Activist investors push Starbucks to replace its CEO, leading to a 28% stock rise and the appointment of Brian Niccol.
Trading Strategies
August 19, 2024
Starbucks (SBUX) made headlines by replacing its CEO, Laxman Narasimhan, with Brian Niccol from Chipotle (CMG).
Niccol officially takes over on September 9. The CEO replacement is a classic move by activist investors, who are pushing for changes at Starbucks.
Following LevelFields AI Activist Investor alerts would have already netted you a 28% return on Starbucks stock.
This activist scenario is great for novice or busy investors looking for passive, exceptional returns over a 6-18month period.
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