Consumer-facing companies like Starbucks, Nike, and Target have experienced declines in their stock prices despite the overall gains in the market, but each company has unique strategies in place that make them worth considering as investments.
Starbucks stock is declining due to concerns about its Chinese operations, leading to a downgrade by TD Cowen.
Instacart shares rose 12.3% on their first day of trading, giving the company a valuation of over $11 billion.
Dollar General shares fall after being downgraded by JPMorgan, Pinterest shares climb following investor day, General Mills beats expectations, Instacart stock drops after IPO, Coty raises outlook, Bausch Health gains on upgrade, and Goldman Sachs plans to sell lending platform Greensky.
Instacart shares fall 5% as the grocery delivery app struggles to maintain strong gains on debut amid concerns of inflation and higher interest rates.
Instacart shares fall after going public, Steelcase soars on strong earnings, Klaviyo jumps after IPO, Bausch Health surges on upgraded rating, Stellantis sees sales growth in Europe, Pinterest rallies on revenue growth expectations, Coty raises full-year outlook, Zebra Technologies downgraded, Textron signs deal with NetJets, Chewy downgraded on pet category weakness, and various other companies see stock movements.
Instacart's stock price is falling on its second day of trading as an analyst raises concerns about competitive pressures.
Starbucks has increased its quarterly dividend by about 7.5%.
Instacart's stock falls below its IPO price, reflecting investor disappointment with the grocery-delivery company and other recent tech stocks.
Shares of Coca-Cola Co. fell 4.1% due to concerns about high interest rates and a slowing job market impacting the U.S. economy.
