Falcon powers – Supporters of Israel face significant losses, including American coffee chain Starbucks, due to the boycott stemming from the Israeli war on Gaza. Starbucks has experienced a decline in sales, leading to a drop in its stock price amid a selling wave. The company’s stock finished Friday’s trading at $73.11, a decrease of 2.43%.
This marks the lowest level reached by Starbucks stock since April 10, 2020, according to data from Bloomberg. For comparison, on November 6, the stock was at $104.03, indicating a decline of approximately 30% since early November until the end of last week.
Below is a chart illustrating the trading trend of Starbucks stock over the past six months:
