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Benzinga
Benzinga
Business
Melanie Schaffer

What To Watch On Starbucks Stock As Women Lead Unionization Effort

Starbucks Corporation (NASDAQ:SBUX) negated its uptrend on Friday and fell below a key support level at $90.96, forced down by the S&P 500, which gapped almost 1% off Thursday’s close.

More than 100 of the 9,000 corporate-owned Starbucks locations in the U.S. have now filed to unionize, after a Buffalo store became the first to win a vote to unionize in December, according to a report from The Washinton Post. The movement is being led by women, nonbinary people, queer women, and women of color.

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