Diageo Stock Slides 8% YTD: A Buy Opportunity or Time to Exit?
DEODiageo(DEO) ZACKS·2024-09-18 23:06

Diageo (DEO) shares have portrayed a dismal performance on the bourses since the start of 2024. The stock pullback stems from the troubles faced in the company’s key markets, including the Latin America and Caribbean (LAC) and North America. The gloomy outlook for these segments has hurt investors’ sentiments for the stock.Shares of this London-based alcohol company have lost 8.4% in the year-to-date period compared with a 7.2% decline in the broader industry and 10.9% growth in the Consumer Staples sector. ...