Why Starbucks Stock May Still Have Room to Fall

Group 1 - Starbucks Corporation's stock has decreased by 4.4%, trading at $78.50, following a downgrade by Baird from "outperform" to "neutral" and a price target cut from$114 to $85 due to near-term earnings uncertainty [1] - The stock has a year-to-date deficit of 14.1% and has fallen 11.4% over the past 12 months, marking its fifth losing week in six, with a potential 22% decline over three days [2] - Among the 32 brokerages covering Starbucks, 19 maintain a "buy" or better rating, indicating potential for further downgrades, while options traders are showing defensive behavior with a put/call volume ratio of 1.05 [3] Group 2 - Today's options activity shows 10,000 calls traded, which is double the intraday average volume, with the most active contract being the weekly 4/17 106-strike call where new positions are being sold to open [4]