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

Starbucks Corporation (SBUX) : The value of composite uptick trades was $42.9 million, whereas, the value of composite downtick trades was $45.71 million. The uptick to downtick ratio stood at 0.94 with a negative money flow of ($2.8) Million during Thursdays trading session. The block trades money flow was negative ($0.85 million).The uptick to the downtick ratio of 1.08 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $11.98 million. The transaction of the trades on downticks amounted to $11.14 million, which confirms investors selling on the strength of price. Starbucks Corporation (SBUX) gained 13 cents at $56.88, an increase of 0.22% over the previous days close.


Starbucks Corporation (SBUX) : Currently there are 17 street experts covering Starbucks Corporation (SBUX) stock. The most bullish and bearish price target for the stock is $75 and $58 respectively for the short term. The average price target of all the analysts comes to $67.47. The estimated standard deviation from the target is $4.02. The stock has recorded a 20-day Moving Average of 2.27% and the 50-Day Moving Average is 2.2%.

Starbucks Corporation (NASDAQ:SBUX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.66 and $56.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.91, notching a gain of 0.28% for the day. The total traded volume was 6,813,347 . The stock had closed at $56.75 on the previous day.

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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