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Starbucks Corp. (SBUX) rating reiterates by Morgan Stanley

Starbucks Corp.’s recently made public that its evp, chief partner officer KELLY SARA unloaded Company’s shares for reported $22000.0 on Apr 22 ’24. In the deal valued at $88.00 per share,250 shares were sold. As a result of this transaction, KELLY SARA now holds 46,441 shares worth roughly $4.11 million.

Then, Conway Michael Aaron sold 3,250 shares, generating $277,518 in total proceeds. Upon selling the shares at $85.39, the ceo, North America now owns 81,199 shares.

Before that, KELLY SARA sold 250 shares. Starbucks Corp. shares valued at $23,158 were divested by the evp, chief partner officer at a price of $92.63 per share. As a result of the transaction, KELLY SARA now holds 46,924 shares, worth roughly $4.15 million.

Morgan Stanley reiterated its Starbucks Corp. [SBUX] rating to an Overweight in a research note published on April 12, 2024; the price target was $115. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who remained covering the stock and in mid March has reiterated a ‘”a Neutral”‘ rating for it. BTIG Research also remained covering SBUX and reiterated its “Buy” recommendation on January 31, 2024. Citigroup maintained its rating on January 18, 2024. It rated SBUX as “a Neutral”.

Price Performance Review of SBUX

On Tuesday, Starbucks Corp. [NASDAQ:SBUX] saw its stock jump 0.18% to $88.49. Over the last five days, the stock has gained 0.71%. Starbucks Corp. shares have fallen nearly -7.83% since the year began. Nevertheless, the stocks have fallen -22.57% over the past one year. While a 52-week high of $115.48 was reached on 01/31/24, a 52-week low of $84.29 was recorded on 04/12/24. SMA at 50 days reached $90.21, while 200 days put it at $95.10. A total of 12.79 million shares were traded, compared to the trading of 8.52 million shares in the previous session.

Levels Of Support And Resistance For SBUX Stock

The 24-hour chart illustrates a support level at 87.45, which if violated will result in even more drops to 86.41. On the upside, there is a resistance level at 89.26. A further resistance level may holdings at 90.03. The Relative Strength Index (RSI) on the 14-day chart is 50.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.21, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.79%. Stochastics %K at 74.75% indicates the stock is a holding.

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