Starbucks spikes after hedge-fund billionaire Bill Ackman discloses a stake in the company

By Holdings, STOCK

Starbucks spikes after hedge-fund billionaire Bill Ackman discloses a stake in the company

(SBUX) Bill Ackman, the billionaire founder of Pershing Square Capital Management, disclosed a stake in Starbucks on Tuesday, according to multiple reports.

Starbucks shares jumped by as much as 5% following the news.

In August, Ackman said he had bought shares of an undisclosed company worth $800 million.

Markets Insider

https://markets.businessinsider.com/amp/news/starbucks-stock-price-spikes-on-bill-ackman-stake-report-2018-10-1027602071

https://www.bloomberg.co.jp/news/articles/2018-10-09/PGCIFF6S972F01?srnd=cojp-v2

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