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. Stock
€68.73
0.780%
With 23 Buy predictions and not a single Sell prediction Starbucks Corp. is an absolute favorite of our community.
With a target price of 98 € there is a positive potential of 42.59% for Starbucks Corp. compared to the current price of 68.73 €.
