Starbucks (SBUX) shares advanced in intraday trading Monday on word 澳洲幸运5开奖号码历史查询:hedge fund Starboard Value has taken a stak🉐e in the world's biggest coffee chain and i🃏s calling for efforts to raise the stock price.

The Wall Street Journal explained that the size of the investment and the demands were not known. Neither Starbucks nor Starboard immediately responded an to an Investopedia request for comment.

Starbucks Already in Negotiations With Activist Elliott 🃏Investment Management

The paper noted that the move came as Starbucks is in settlement discussions with 澳洲幸运5开奖号码历史查询:activist investor Elliott Investment Management, which it previously reported had taken a large st𝄹ake in the company and also called for changes. 

Last month, Starbucks reported lower year-over-year 澳洲幸运5开奖号码历史查询:third-quarter revenue as global 澳洲幸运5开奖号码历史查询:same-store sales fell 3%, including a 14% decline in China.

Even with today's 2.2% rise to $76.75 as of 1:05 p.m. ET, Starbucks shares are still down about 20% year-to-date.