Why Starbucks' Shares Are Rising Today
Shares of coffee giant Starbucks (NASDAQ: SBUX) were bouncing back on Friday as bargain-hunting investors waded in after one of the largest market declines in years.
As of 11:00 a.m. EDT, Starbucks' shares were up about 4% from Thursday's closing price.
Starbucks' shares have had a wild ride in recent days, falling 17.6% from the end of last week through Thursday's close. But it's not surprising that shares were attracting value-minded bargain hunters on Friday morning. The company remains an appealing longer-term investment, with good management, a solid growth plan, and a decent dividend yield (2.4%).
Source Fool.com
