Starbucks (SBUX) Hits 52-Week Low
Over the weekend, Barron’s institutional investing poll listed Starbucks (SBUX) as one of the most overvalued stocks in the market. That says a great deal since the stock was already down from a 52-week high of over $40 to $25.
Today, the shares hit a new 52-week of $24.95 today, which means that concerns over the coffee retailers growth rate persist and the shares may not have found a bottom.
Douglas A. McIntyre