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
€74.29
-0.130%
The stock is one of the favorites of our community with 46 Buy predictions and 4 Sell predictions.
As a result the target price of 99 € shows a positive potential of 33.26% compared to the current price of 74.29 € for Starbucks Corp..
