Previous close | 0.6200 |
Open | 0.6200 |
Bid | 0.6800 |
Ask | 0.7700 |
Strike | 75.00 |
Expiry date | 2022-06-17 |
Day's range | 0.6200 - 0.6200 |
Contract range | N/A |
Volume | |
Open interest | 801 |
Dutch Bros (NYSE: BROS) coffee chain went public via IPO in late 2021. The company has been growing like a weed, but it recently reported earnings and the stock plummeted as much as 41% on the news. Has the selling pressure created a buying opportunity? When you hear statements like "the next Starbucks," you probably think to yourself, yeah right.
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For Starbucks (NASDAQ: SBUX), being a global enterprise certainly has its benefits. With about two-thirds of Americans vaccinated, most restrictions have been lifted, and Starbucks was able to increase U.S. comps by 12% last quarter. When lockdown measures were put in place at thestart of the pandemic, Starbucks' same-store sales declined dramatically in the U.S. Given that the company benefits tremendously when people are out and about in their daily lives, it should be no surprise that when consumer mobility is on the rise, Starbucks' performance improves.