Starbucks: 4 Reasons to Buy on Overblown Strike Fears
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Starbucks Co. (NASDAQ: SBUX) experienced a stock sell-off in December 2024 due to a five-day strike by its union workers. The strike involved over 11,000 baristas across 535 company-owned stores in the U.S.
December 30, 2024 | 1:45 pm
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Starbucks Co. faced a stock sell-off in December 2024 due to a strike by over 11,000 union workers. The strike's impact on operations may have been overestimated, presenting a potential buying opportunity.
The stock sell-off was triggered by a strike involving a significant number of Starbucks' workforce. However, the article suggests that the fears may be overblown, indicating a potential rebound in stock price as the situation stabilizes.
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