Live On CNBC, Scott Wapner Says 'Nelson Peltz's Trian Happy With Today's Outcome And Sold Their Starbucks Stake; Trian Had Built Substantial Stake In Starbucks Over Past Few Months'
Portfolio Pulse from Benzinga Newsdesk
Nelson Peltz's Trian Fund Management has sold its substantial stake in Starbucks after being satisfied with the recent outcomes. Trian had built this stake over the past few months.
August 13, 2024 | 4:10 pm
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Trian Fund Management, led by Nelson Peltz, has sold its substantial stake in Starbucks after being satisfied with recent outcomes. This could lead to short-term volatility in Starbucks' stock price.
The sale of a substantial stake by a major investor like Trian Fund Management can lead to short-term selling pressure and volatility in the stock price as the market reacts to the news.
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