All Eyes Are on Starbucks Today. Why a Stock Turnaround Doesn’t Seem Likely. - Barron's
1. Starbucks has fallen 21% from its recent 52-week high. 2. CEO Brian Niccol's turnaround plan faces challenges in execution. 3. Attempts to regain the 200-day moving average have failed twice. 4. Competitors like Luckin Coffee and Dutch Bros are outperforming Starbucks. 5. Technical signals indicate potential further downside for Starbucks stock.