Why Shares of Starbucks Are Bouncing Back Today
Shares of Starbucks (NASDAQ: SBUX) were on the rebound on Thursday, a day after the company outlined a series of new measures at a virtual annual meeting only to see its shares sell off sharply.
As of 3:30 p.m. EDT, Starbucks' shares were up about 8.8% from Wednesday's closing price.
In what seemed like an upbeat presentation on Wednesday, CEO Kevin Johnson reviewed the company's response to the coronavirus pandemic and explained the measures it will now take. The company is trying to make the best of the situation while keeping employees and customers as safe as possible.
Source Fool.com
