Shares of Starbucks Corporation (SBUX) Rally 1.59%

Starbucks Corporation (SBUX) has been under a strong bear grip, hence the stock is down -0.55% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.1% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.59% in the last 1 week, and is up 3.8% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 2.28% and the 50-Day Moving Average is 3.05%.

Starbucks Corporation (NASDAQ:SBUX): The stock opened at $57.69 on Friday but the bulls could not build on the opening and the stock topped out at $57.74 for the day. The stock traded down to $57.13 during the day, due to lack of any buying support eventually closed down at $57.41 with a loss of -0.31% for the day. The stock had closed at $57.59 on the previous day. The total traded volume was 8,494,000 shares.


The company Insiders own 3.38% of Starbucks Corporation shares according to the proxy statements. Institutional Investors own 70.95% of Starbucks Corporation shares. In a related news, The Securities and Exchange Commission has divulged that Ullman Myron E Iii, director of Starbucks Corp, had unloaded 20,000 shares at an average price of $55.46 in a transaction dated on June 9, 2016. The total value of the transaction was worth $1,109,200.

Starbucks Corporation is the roaster, marketer and retailer of specialty coffee. The Company purchases and roasts coffees that it sells, along with coffee, tea and other beverages, and a range of fresh food items, through Company-operated stores. It also sells a range of coffee and tea products and licenses its trademarks through other channels, such as licensed stores, grocery and national foodservice accounts. It operates through four segment: Americas, which includes the United States, Canada, and Latin America; Europe, Middle East, and Africa (EMEA); China/Asia Pacific (CAP), and Channel Development. In addition to its Starbucks Coffee brand, it also sells goods and services under the brands, including Teavana, Tazo, Seattles Best Coffee, Evolution Fresh, La Boulange and Ethos. Its Americas, EMEA, and CAP segments include both Company-operated and licensed stores. The Americas and EMEA segments include certain foodservice accounts, primarily in Canada and the United Kingdom.

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