Starbucks Corporation (NASDAQ:SBUX) has shown a rise of 5.5% or 942,655 shares in the short positions. The bets have increased to 18,220,160 shares on June 15,2016 from 17,277,505 shares on May 31,2016. With respect to the floated shares, the shorts are 1.3%. The days to cover are calculated to be 2, using the standard per day volume of 7,809,890 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Starbucks Corporation (NASDAQ:SBUX): The stock opened at $54.05 on Friday but the bulls could not build on the opening and the stock topped out at $55.57 for the day. The stock traded down to $54.01 during the day, due to lack of any buying support eventually closed down at $54.68 with a loss of -2.58% for the day. The stock had closed at $56.13 on the previous day. The total traded volume was 14,654,672 shares.
The company shares have rallied 2.11% 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 $55.39 and the 200 Day Moving Average price is recorded at $57.93.
Starbucks Corporation (NASDAQ:SBUX) has tumbled 1.14% during the past week and has dropped 0.85% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 0.5% and the outperformance has advanced to 2.15% for the last 4 weeks period.
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.