Starbucks shares dip for third consecutive day amid turbulent market

  • Investing.com
  • Stock Market News
Starbucks shares dip for third consecutive day amid turbulent market
Credit: © Reuters.

Starbucks Corp (NASDAQ: SBUX ).'s shares dipped by 2.16% to close at $93.10 on Thursday, marking a third consecutive day of losses for the company. This performance occurred during a turbulent trading session where the broader market also experienced declines, with the S&P 500 Index dropping by 1.64% to settle at 4,330.00, and the Dow Jones Industrial Average declining by 1.08% to end the day at 34,070.42.

Compared to some of its industry peers, Starbucks' performance was notably below par on Thursday. Shares of Coca-Cola (NYSE: KO ) Co. decreased by 1.54% to close at $57.54, PepsiCo (NASDAQ: PEP ) Inc.'s shares fell by 1.68% to finish at $175.38, while McDonald's Corp (NYSE: MCD ).'s shares also dropped by 2.16%, closing at $271.22.

The trading session saw an unusually high volume for Starbucks' shares, with 6.1 million traded compared to the 50-day average trading volume of 5.9 million.

Looking at the yearly performance, Starbucks' shares are currently trading $22.38 below their 52-week high of $115.48, achieved on May 1st, 2023.

This report is based on data provided by Dow Jones and FactSet and has been processed using automation technology.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search

Related Articles