Starbucks Corp.’s recently made public that its Director KNUDSTORP JORGEN VIG acquired Company’s shares for reported $34770.0 on Sep 06 ’24. In the deal valued at $91.50 per share,380 shares were bought. As a result of this transaction, KNUDSTORP JORGEN VIG now holds 36,242 shares worth roughly $3.51 million.
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Then, Narasimhan Laxman bought 39,678 shares, generating $3,882,152 in total proceeds.
Before that, Conway Michael Aaron sold 3,250 shares. Starbucks Corp. shares valued at $305,598 were divested by the ceo, North America at a price of $94.03 per share. As a result of the transaction, Conway Michael Aaron now holds 75,054 shares, worth roughly $7.27 million.
Morgan Stanley reiterated its Starbucks Corp. [SBUX] rating to an Overweight in a research note published on October 17, 2024; the price target was $115. A number of analysts have revised their coverage, including BTIG Research’s analysts, who remained covering the stock and in mid October has reiterated a ‘”a Buy”‘ rating for it. Bernstein also remained covering SBUX and has increased its forecast on September 26, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Jefferies revised its rating on September 24, 2024. It rated SBUX as “an Underperform” which previously was an “a Hold”.
Price Performance Review of SBUX
On Tuesday, Starbucks Corp. [NASDAQ:SBUX] saw its stock jump 0.38% to $96.82. Over the last five days, the stock has gained 1.87%. Starbucks Corp. shares have risen nearly 0.84% since the year began. Nevertheless, the stocks have risen 2.79% over the past one year. While a 52-week high of $107.66 was reached on 09/13/24, a 52-week low of $71.55 was recorded on 07/16/24. SMA at 50 days reached $95.34, while 200 days put it at $87.28.
Levels Of Support And Resistance For SBUX Stock
The 24-hour chart illustrates a support level at 96.11, which if violated will result in even more drops to 95.40. On the upside, there is a resistance level at 97.36. A further resistance level may holdings at 97.90. The Relative Strength Index (RSI) on the 14-day chart is 56.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.04%. Stochastics %K at 79.15% indicates the stock is a holding.
How much short interest is there in Starbucks Corp.?
A steep rise in short interest was recorded in Starbucks Corp. stocks on 2024-09-30, dropping by -2.76 million shares to a total of 28.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 31.17 million shares. There was a decline of -9.72%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 18, 2024 when BofA Securities resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $118.
