Why Starbucks' Stock Price Climbed 23% in April
Shares of Starbucks (NASDAQ: SBUX) climbed 23% in April, according to data provided by S&P Global Market Intelligence. At the end of the company's second quarter, only around 55% of Starbucks stores in the U.S. remained open. Around 76% of drive-thru locations remained open but in the last week of the quarter, comparable store sales fell off a cliff, registering declines between 60% to 70%.