Finance: Starbucks spikes after hedge-fund billionaire Bill Ackman discloses a stake in the company (SBUX)

Finance: Starbucks spikes after hedge-fund billionaire Bill Ackman discloses a stake in the company (SBUX)

Starbucks shares jumped by as much as 5% Tuesday on news that the hedge fund billionaire Bill Ackman added to his stake in the coffee retailer. Pershing Square, Ackman's hedge fund, owns 15.2 million shares of Starbucks worth $900 million.
Source: Finance: Starbucks spikes after hedge-fund billionaire Bill Ackman discloses a stake in the company (SBUX)

- gist culled from pulseng

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