Starbucks, Luckin stocks stung as robusta coffee price hits ATH

Starbucks (NASDAQ: SBUX) and Luckin Coffee stock prices have come under intense pressure this year amid rising robusta coffee prices and demand. SBUX shares crashed to a low of $88.50 on Thursday, its lowest level since October 2023. It has crashed by over 21% from its highest point in 2023, meaning it has moved into a deep bear market.Luckin Coffee (LKNCY) stock price is doing much better than Starbucks. It has risen by over 28.6% from its lowest level this year and it remains 35% below the highest level i ...