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Starbucks Remains Notably Lower After Initial Sell-Off

Shares of Starbucks (SBUX) continue to see considerable weakness in afternoon trading on Friday after gapping open sharply lower. After hitting its lowest intraday level in a month, Starbucks is currently down by 6.5 percent.

The initial sell-off by Starbucks came after the coffee chain reported fiscal first quarter earnings that beat estimates but on weaker than expected sales.

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