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

Starbucks Corporation (NASDAQ:SBUX): The stock had negative money flow to the tune of ($4.22 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $48.05 million, whereas, the outflow of money on downticks was $52.27 million and the ratio between the two was 0.92. The block trade had a negative net money flow of ($6.79 million). The total block trade value undertaken on upticks was $3.58 million. On the other hand, downticks amounted to $10.37 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.35. Starbucks Corporation (NASDAQ:SBUX) closed with marginal gains of 161 cents to end the day at $56.46, an increase of 2.94% over the previous days close. The stock recorded 3.26% for the week.


In an insider trading activity,The director of Starbucks Corp, Ullman Myron E Iii sold 20,000 shares at $55.46 on June 9, 2016. The Insider selling transaction had a total value worth of $1,109,200. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 3.38% of Starbucks Corporation shares according to the proxy statements. Institutional Investors own 70.89% of Starbucks Corporation shares.

The company shares have rallied 1.78% 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 $55.27 and the 200 Day Moving Average price is recorded at $57.78. Starbucks Corporation (NASDAQ:SBUX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.42 and $55.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.74, notching a gain of 3.45% for the day. The total traded volume was 11,103,787 . The stock had closed at $54.85 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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