Why Shares of Starbucks Are Down Again Today

Shares of coffee giant Starbucks (NASDAQ: SBUX) were down again on Tuesday, as investors continued to digest the company's response to the coronavirus pandemic after COVID-19 spread to the U.S. and Europe.

As of 11:30 a.m. EDT, Starbucks stock was down about 5% from Monday's closing price.

Over the weekend, Starbucks announced that it is temporarily shifting its stores in the U.S. and Canada to a "to-go" operating model, meaning that seating in and outside of stores will be removed for the time being.

Source Fool.com