Starbucks Stock Takes a Hit: SBUX Shares Fall Sharply Tuesday
Starbucks Corp (NASDAQ: SBUX) saw its stock price decrease significantly during Tuesday’s trading session. Shares of the global coffee chain were trading at 80.01 USD, according to market data observed.
This price point reflected a substantial drop of 4.84 USD, equating to a 5.71 percent loss for the day. The data, recorded on April 30th at 2:12 pm GMT-4, showed the stock trading considerably lower than its previous closing price of 84.85 USD.
The trading day for Starbucks began with an opening price of 76.37 USD. The stock experienced volatility, reaching an intraday high of 80.06 USD while also touching a low of 75.50 USD. The price chart indicated the shares remained under pressure throughout the observed period.
In terms of valuation and returns, Starbucks presented a Price to Earnings (P/E) ratio of 25.86. The company also offered a dividend yield of 3.05 percent to its shareholders at the time of the snapshot.
Looking at the stock’s performance over the past year provides wider context. SBUX has traded between a 52 week low of 71.55 USD and a 52 week high of 117.46 USD, highlighting the range investors have seen. The recent downward move places the stock closer to its annual low.
