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Why Shares of Starbucks Are Down Again Today

TheMotleyFool

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Why Shares of Starbucks Are Down Again Today

Shares of Starbucks (NASDAQ: SBUX) were down again on Wednesday afternoon, after the company said that most of its China stores have reopened and that it will step up its share-buyback plans.

As of 1 p.m. EDT, Starbucks' shares were down about 14.3% from Tuesday's closing price.

CEO Kevin Johnson has reacted swiftly to the coronavirus pandemic, moving stores in the U.S. and Canada to takeout-only operations and expanding sick leave for workers.

Source Fool.com

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