Alert: Major Price Decline (5/1/24)-Starbucks Corp (NASDAQ: SBUX).

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Starbucks Corp (NASDAQ: SBUX) stock closed at $74.44 on 5/1/24 after a major decline of -15.9%. Moreover, trading volume in this decline was exceptionally high at 742% of normal. The stock has declined -15.3% during the last week and has been weak relative to the market over the last nine months.

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Current PriceTarget Research Rating

With future capital returns forecasted to be below the cost of capital, SBUX is expected to be an important Value Eraser.

Starbucks is currently unrated.

Rating Review

The stock is currently unrated.

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