Starbucks stock has been on a free fall since July 2021 underperforming the market. It has dropped -16.56 (-14.19%) in the year to date.
To help stock investors interested in investing in Starbucks stock, Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
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What is Starbucks Stock?
Starbucks Stock is the stock representing Starbucks Corporation shares and it is listed on NASDAQ under the ticker NASDAQ: SBUX.
In a nutshell Starbucks Corporation is an American multinational chain of roaster and coffee houses. Its headquarters are in Seattle, Washington.
Currently, Starbucks is the largest coffeehouse chain with over 33,830 stores spread across 80 countries around the world. Out of those, about 15,440 are located in the US.
Should I buy SBUX stock today?
If you are looking for a stock that has drastically fallen in the hopes of reaping from the comeback, then Starbucks Stock could be a good choice.
However, it is still not clear where the bottom of the current dip will be and it is, therefore, advisable to only invest if you can hold even when it dives further.
Starbucks stock price prediction
Analysts expect the Starbucks stock price to continue dipping with a support level at $100.
Since the stock has been on the free fall for over seven months there is a likelihood that the stock is heading to the oversold region.
$SBUX social media coverage
The post Where to buy current Starbucks stock dip: it has plunged by about 14% year to date appeared first on Invezz.
