Starbucks Stock Brews A Bitter Blend Of Boycotts And Bearish Charts

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Starbucks Corp ( SBUX ) is serving up a fresh cup of investor anxiety as social media boycotts boil over and technical signals point to a prolonged bearish brew.

With shares down nearly 13% in the past month and "Boycott Starbucks" trending across X, the world's most iconic coffee chain is finding itself in hot water—both on Wall Street and Main Street.

Read Also: China’s Milk Tea Chain Chagee Files For Nasdaq IPO Under ‘CHA,’ Taking On Starbucks In Growing Market

Boycott Buzz Meets Brewed Resistance

What started as a symbolic storewide pause to protest the deportation of undocumented immigrants has turned into a political flashpoint.

Make America Great Again or MAGA, activists have launched a viral boycott campaign after unionized Starbucks ( SBUX ) workers organized rallies supporting detained co-workers.

Now, clips of the protests are making the rounds online, turning a localized labor action into a national headline. The hashtag "#BoycottStarbucks" is trending faster than cold brews in July.

A Cold Brew On The Charts

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Chart created using Benzinga Pro

If the social sentiment wasn't bitter enough, the technicals are pouring out a double shot of bearishness. Starbucks ( SBUX ) stock, at $85.43, is trading well below its eight, 20, 50 and 200-day simple moving averages. The eight-day SMA at $86.02, 20-day at $93.18, 50-day at $103.07 and the 200-day at $94.54 all flash bearish.

The only frothy topping? Some underlying buying pressure hints that bullish sentiment could perk up – eventually.

New Flavors, Old Problems

Despite the volatility, Starbucks ( SBUX ) isn't standing still. It recently launched Iced Energy and Frappuccino Lite drinks, updated its North American dress code to emphasize the iconic green apron, and reaffirmed its global ambitions with a high-profile visit to Middle Eastern markets via its Alshaya partnership.

But with shares down 7% year-to-date, investors might need more than caffeine to stay alert through this drawdown.

Read Next:

  • Brewing Caution: Jefferies Warms Up To Starbucks With Tepid Upgrade

Photo: Shutterstock

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