Starbucks New CEO Appointment Sends Shares Higher, But is it Enough to Earn the Stock a BUY?
Starbucks (SBUX) let CEO Laxman Narasimhan go barely a year into the job, replacing him with previous Chipotle Mexican Grill CEO Brian Niccol. After the stock lost as much as 20% through 2024, this was the turnaround investors had been desperate for. The stock gained 23% on the news. The news sent Chipotle shares [...]
