Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Starbucks Corp. shares valued at $19,375 were sold by KELLY SARA on May 21 ’24. At $77.50 per share, KELLY SARA sold 250 shares. The insider’s holdings dropped to 46,191 shares worth approximately $3.62 million following the completion of this transaction.
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Also, KELLY SARA sold 250 shares, netting a total of over 22,000 in proceeds. Following the sale of shares at $88.00 each, the insider now holds 46,441 shares.
Before that, Conway Michael Aaron had sold 3,250 shares from its account. In a trade valued at $277,518, the ceo, North America traded Starbucks Corp. shares for $85.39 each. Upon closing the transaction, the insider’s holdings decreased to 3,250 shares, worth approximately $6.36 million.
As published in a research note from DZ Bank on May 03, 2024, Starbucks Corp. [SBUX] has been rated down from a Buy to a Hold and the price target has been revised to $75. Analysts at William Blair downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early May. As of May 01, 2024, Deutsche Bank has decreased its “Buy” rating to a “Hold” for SBUX. Earlier on April 12, 2024, Morgan Stanley resumed its rating. Their recommendation was “an Overweight” for SBUX stock.
Analyzing SBUX Stock Performance
During the last five days, there has been a surge of approximately 4.02%. Over the course of the year, Starbucks Corp. shares have dropped approximately -18.44%. Shares of the company reached a 52-week high of $98.36 on 01/31/24 and a 52-week low of $71.80 on 05/07/24. A 50-day SMA is recorded $84.31, while a 200-day SMA reached $92.91. Nevertheless, trading volume fell to 15.82 million shares from 22.07 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 77.06, which, if violated, would cause prices to drop to 75.82. In the upper region, resistance lies at 80.12. The next price resistance is at 81.94. RSI (Relative Strength Index) is 45.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.80, which suggests the price will increase in the coming days. Percent R is at 29.45%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
