Starbucks Stock Plummets: SBUX Dips Over 5% in Midday Trading
Shares of Starbucks Corp (NASDAQ: SBUX) took a significant hit in Tuesday’s trading session, falling sharply as market activity progressed. The coffee chain’s stock price was observed at 80.01 USD.
This represented a considerable decline of 4.84 USD, or 5.71 percent, for the day, according to market data captured on April 30th at 2:12 pm GMT-4. The drop placed the stock well below its previous closing price of 84.85 USD.
Starbucks shares opened the trading day lower at 76.37 USD. During the session, the stock fluctuated, reaching an intraday high of 80.06 USD and hitting a low point of 75.50 USD. The price chart indicated persistent downward pressure throughout the observed trading period.
Key financial details provided alongside the price action included a market capitalization listed as 9.09KCr. Starbucks reported a Price to Earnings (P/E) ratio of 25.86 and maintained a dividend yield of 3.05 percent for investors.
Over the past year, Starbucks stock has traded within a wide range, marking a 52 week high of 117.46 USD and a 52 week low of 71.55 USD. Investors are closely watching the coffee retailer’s performance amid the current market dynamics.
