Here's Why Starbucks Stock Is Quietly Down 15% Since May 1
On May 1, Starbucks (NASDAQ: SBUX) broke above $115 per share and was up over 15% year to date (YTD). Fast forward to today, and Starbucks stock is actually down roughly 2% YTD despite putting up incredible results (and it's now down almost 15% since May 1).
Let's see if investors are making a mistake by selling the blue chip dividend stock, or if there are issues that merit a sell-off.
Between 2015 and 2018, Starbucks stock was extremely steady -- mostly hovering in the $50- to $60-per-share range. The U.S.-China trade war and questions surrounding Starbucks' long-term future in China weighed heavily on the company and kept investors wary.
Source Fool.com
Starbucks Corp. Aktie
85,68 €
-0,38 %
Reines Buy-Sentiment für Starbucks Corp., keine Sell-Einschätzungen in Sicht.
Das Kursziel von 94 € für Starbucks Corp. zeigt eine leichte Steigerung gegenüber dem aktuellen Kurs von 85.68 € an.
