Shares of the largest coffee chain Starbucks Corporation (NASDAQ: SBUX) remain steady despite bearish sentiment prevailing in the market. The stock has fallen more than 25% in the first half of 2022 due to aggressive interest rate hikes and record-high inflation. While the stock has managed to recover significant ground following its bearish sentiment earlier this year. The stock price reached a new six-month high of $93 this month.
Check out the fundamental and technical review of $SBUX here:coffee:
https://gulfbrokers.com/en/starbucks-stock-holds-steady-despite-market-sell-off