Shares of Starbucks Corporation (SBUX) Sees Large Outflow of Money

Starbucks Corporation (SBUX) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($21.17 million) and the uptick to downtick ratio was 0.79. The transaction value on upticks was $80.49 million and on downticks, the transaction value was $101.66 million. In block trades, the transaction value of inflow done during uptick was $3.85 million. The transaction value of block trades during downticks was $18.13 million. The uptick to downtick block trade ratio was 0.21. The money flow was negative ($14.27 million), indicating the traders were booking profit on the price strength. Starbucks Corporation (SBUX) rose $1.11 at $57.59, during intraday Thursday , a rise of 1.97% over the previous days close.


The stock has recorded a 20-day Moving Average of 2.8% and the 50-Day Moving Average is 3.42%. Shares have rallied 1.11% from its 1 Year high price. On Oct 30, 2015, the shares registered one year high at $64.00 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $55.54 and the 200 Day Moving Average price is recorded at $57.60.

Starbucks Corporation (NASDAQ:SBUX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.00 and $56.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.59, notching a gain of 1.97% for the day. The total traded volume was 11,353,599 . The stock had closed at $56.48 on the previous day.

In an insider trading activity, Ullman Myron E Iii, director of Starbucks Corp, unloaded 20,000 shares at an average price of $55.46 on June 9, 2016. The total amount of the transaction was worth $1,109,200, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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