Diageo Stock Declines 8% in a Month: What Should Investors Do Next?
DEODiageo(DEO) ZACKS·2024-11-05 03:35

Diageo (DEO) has seen its stock price plummet 8% in a month compared with the industry’s 7.8% decline and against the S&P 500’s 0.8% growth. This downturn reflects both challenging macroeconomic conditions and company-specific obstacles. Investors are currently divided on whether the stock is set for further decline or is on the verge of a recovery. Image Source: Zacks Investment Research At the current price of $124.21, the stock is hovering near its 52-week low of $119.48. Investors are left wondering, sh ...