🟢 Starbucks Corporation is trading 2.1% up today, rebounding after India expansion rally and amidst Korea store closures

Starbucks Corporation is trading up 2.1% at $12850.00, rebounding after last week’s profit-taking that followed its India expansion rally.

• The rebound follows recent news of aggressive expansion plans for Tata Starbucks in India, with reports indicating plans to open 50 to 100 new stores annually.
• This positive sentiment for India growth likely offset news of Starbucks Korea closing over 2,000 stores today for mandatory training after a marketing controversy, which is a significant company-specific event.