Large Outflow of Money Witnessed in Starbucks Corporation

Starbucks Corporation (SBUX) : Money flow in the Starbucks Corporation (SBUX) stock was negative (10.6 million) on Friday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $213.87 million, compared to $224.48 million on downticks. The total uptick to downtick ratio was 0.95, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($20.2 million), indicating selling on the strength. The transaction value during uptick in block trades was $33.17 million. Downtick transaction value in block trades amounted to $53.37 million, indicating persistent selling. The uptick to downtick ratio was 0.62. Starbucks Corporation (SBUX) traded $0.2 higher at $57.8 gaining 0.35% over the previous days close.


Starbucks Corporation (SBUX) : The most positive equity analysts on Starbucks Corporation (SBUX) expects the shares to touch $75, whereas, the least positive believes that the stock will trade at $58 in the short term. The company is covered by 17 Wall Street Brokerage Firms. The average price target for shares are $67.47 with an expected fluctuation of $4.02 from the mean.

Starbucks Corporation (NASDAQ:SBUX): stock turned positive on Friday. Though the stock opened at $57.6, the bulls momentum made the stock top out at $58.24 level for the day. The stock recorded a low of $57.2 and closed the trading day at $57.9, in the green by 0.52%. The total traded volume for the day was 23,899,275. The stock had closed at $57.6 in the previous days trading.

In a related news, 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.

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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