NASDAQ:SBUX

Starbucks Dips Before Memorial Day Amid Turnaround Questions

Starbucks Dips Before Memorial Day Amid Turnaround Questions

Starbucks shares fell 3.5% last week to $103.11, reversing earlier gains after hitting a 52-week high in May. The drop came as investors weighed strong sales against concerns over execution and margin pressure. Nasdaq trading is closed Monday for Memorial Day, with focus shifting to a May 28 management appearance. The S&P 500 rose for an eighth straight week, but Starbucks lagged the broader market.
May 24, 2026

Stock Market Today

  • Red Mountain Mining Issues Retraction on Montana Tungsten Exploration Results
    May 29, 2026, 7:54 PM EDT. Red Mountain Mining Limited (ASX:RMX) has retracted previous historical exploration results concerning tungsten mineralisation at its Pioneer Tungsten Project in Montana. The company acknowledged inaccuracies in earlier announcements and clarified the data to better reflect the project's status. This correction impacts investors tracking tungsten, a key metal used in industrial applications, and highlights the importance of verified exploration data in mining equity valuations.