Starbucks Corporation (NASDAQ:SBUX) has climbed 0.81% in the past week and advanced 1.26% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.02% and the outperformance has advanced to 0.34% for the last 4 weeks period.
Starbucks Corporation (NASDAQ:SBUX): The stock opened at $55.61 on Friday but the bulls could not build on the opening and the stock topped out at $55.62 for the day. The stock traded down to $55.04 during the day, due to lack of any buying support eventually closed down at $55.31 with a loss of -0.40% for the day. The stock had closed at $55.53 on the previous day. The total traded volume was 9,503,017 shares.
The company shares have rallied 2.56% 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 $55.56 and the 200 Day Moving Average price is recorded at $58.16.
On the companys insider trading activities, 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.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Goldman Sachs, maintains their rating on the shares of Starbucks Corporation (NASDAQ:SBUX). Goldman Sachs has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $72 per share from a prior target of $69. The rating by the firm was issued on May 4, 2016. Currently the company Insiders own 3.38% of Starbucks Corporation shares according to the proxy statements. Institutional Investors own 71.26% of Starbucks Corporation shares.
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.