Starbucks Corporation (SBUX) : Starbucks Corporation (SBUX) had a healthy money flow of $8.66 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $13.13 million, whereas, investors only sold shares worth $4.47 million on downticks. The stock closed the day with an up-down ratio of 2.94.The money flow in the block trades to the tune of $7.73 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $7.73 million worth of transactions were on upticks. Starbucks Corporation (SBUX) stock slid $0 intraday and traded at 56.76, a change of 0% over previous days close. However, for the week, the company shares are -1.13% compared to previous weeks close.
Also, Equity analysts at the Brokerage firm OTR Global downgrades its rating on Starbucks Corporation (NASDAQ:SBUX). The rating major has initiated the coverage with mixed rating on the shares. Earlier, the shares were rated a Positive by the brokerage firm. The rating by the firm was issued on July 13, 2016.
Starbucks Corporation (NASDAQ:SBUX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.00 and $56.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.54, notching a gain of 1.37% for the day. The total traded volume was 9,446,396 . The stock had closed at $56.76 on the previous day.
The stock has recorded a 20-day Moving Average of 2.06% and the 50-Day Moving Average is 3.2%. In a related news, The Securities and Exchange Commission has divulged that Ullman Myron E Iii, director of Starbucks Corp, had unloaded 20,000 shares at an average price of $55.46 in a transaction dated on June 9, 2016. The total value of the transaction was worth $1,109,200.
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.