r/stocks•
MazdakSafaei

Starbucks stock rose on Wednesday, breaking a 12-day losing streak driven by concerns about holiday sales.

Before the gain, the stock fell for 12 consecutive trading days, resulting in an 11% decline and a loss of $14.2 billion in market capitalization.
Starbucks CEO mentioned geopolitical challenges and a difficult consumer environment at a recent conference.
Starbucks faced boycotts and legal disputes with a union, leading to social media calls to boycott the company.

Posted Dec 6, 2023, 8:46 PM UTC

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