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.