Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Starbucks Corp. shares valued at $277,518 were sold by Conway Michael Aaron on Apr 15 ’24. At $85.39 per share, Conway Michael Aaron sold 3,250 shares. The insider’s holdings dropped to 81,199 shares worth approximately $7.08 million following the completion of this transaction.
Also, KELLY SARA sold 250 shares, netting a total of over 23,158 in proceeds. Following the sale of shares at $92.63 each, the insider now holds 46,924 shares.
Before that, KELLY SARA had sold 250 shares from its account. In a trade valued at $23,465, the evp, chief partner officer traded Starbucks Corp. shares for $93.86 each. Upon closing the transaction, the insider’s holdings decreased to 250 shares, worth approximately $4.09 million.
As published in a research note from Morgan Stanley on April 12, 2024, Starbucks Corp. [SBUX] has been retained to an Overweight and the price target has been revised to $115. Analysts at Robert W. Baird resumed the stock at ‘”a Neutral”‘ outlook in a report released in mid March. As of January 31, 2024, BTIG Research has reiterated its “Buy” rating for SBUX. Earlier on January 18, 2024, Citigroup resumed its rating. Their recommendation was “a Neutral” for SBUX stock.
Analyzing SBUX Stock Performance
During the last five days, there has been a surge of approximately 1.46%. Over the course of the year, Starbucks Corp. shares have dropped approximately -9.23%. Shares of the company reached a 52-week high of $98.36 on 01/31/24 and a 52-week low of $84.29 on 04/12/24. A 50-day SMA is recorded $91.28, while a 200-day SMA reached $95.55. Nevertheless, trading volume fell to 11.4 million shares from 6.87 million shares the previous day.
Support And Resistance Levels for Starbucks Corp. (SBUX)
According to the 24-hour chart, there is a support level at 86.26, which, if violated, would cause prices to drop to 85.36. In the upper region, resistance lies at 87.84. The next price resistance is at 88.52. RSI (Relative Strength Index) is 41.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.81, which suggests the price will decrease in the coming days. Percent R is at 63.24%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
