Starbucks Corp’s recent filing unveils that its evp, cfo Ruggeri Rachel unloaded Company’s shares for reported $0.14 million on Nov 15 ’24. In the deal valued at $99.07 per share,1,452 shares were sold. As a result of this transaction, Ruggeri Rachel now holds 65,648 shares worth roughly $6.46 million.
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Then, Conway Michael Aaron bought 13,308 shares, generating $1,311,250 in total proceeds.
Before that, Ruggeri Rachel bought 1,452 shares. Starbucks Corp shares valued at $143,850 were divested by the Officer at a price of $99.07 per share.
A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who decreased its forecast for the stock in mid November from “a Neutral” to “a Sell”. Morgan Stanley also remained covering SBUX and reiterated its “an Overweight” recommendation on October 17, 2024. BTIG Research maintained its rating on October 17, 2024. It rated SBUX as “a Buy”.
Price Performance Review of SBUX
On Tuesday, Starbucks Corp [NASDAQ:SBUX] saw its stock fall -2.04% to $98.35. Over the last five days, the stock has lost -0.46%. Starbucks Corp shares have risen nearly 2.44% since the year began. Nevertheless, the stocks have fallen -6.84% over the past one year. While a 52-week high of $105.47 was reached on 11/11/24, a 52-week low of $71.55 was recorded on 07/16/24. SMA at 50 days reached $97.01, while 200 days put it at $87.79.
Levels Of Support And Resistance For SBUX Stock
The 24-hour chart illustrates a support level at 97.60, which if violated will result in even more drops to 96.85. On the upside, there is a resistance level at 99.70. A further resistance level may holdings at 101.05. The Relative Strength Index (RSI) on the 14-day chart is 52.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.16%. Stochastics %K at 64.50% 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 2024-10-31, dropping by -3.24 million shares to a total of 25.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 28.41 million shares. There was a decline of -12.86%, which implies that there is a negative sentiment for the stock.
