In a filing, Starbucks Corp revealed its evp, chief partner officer KELLY SARA unloaded Company’s shares for reported $1.94 million on Nov 29 ’24. In the deal valued at $101.37 per share,19,102 shares were sold. As a result of this transaction, KELLY SARA now holds 46,115 shares worth roughly $4.28 million.
Then, KELLY SARA bought 19,102 shares, generating $1,936,370 in total proceeds.
Before that, Conway Michael Aaron bought 24,884 shares. Starbucks Corp shares valued at $2,557,462 were divested by the Officer at a price of $102.78 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 -0.31% to $92.84. Over the last five days, the stock has gained 2.50%. Starbucks Corp shares have risen nearly 1.74% since the year began. Nevertheless, the stocks have fallen -0.16% over the past one year. While a 52-week high of $103.32 was reached on 01/06/25, a 52-week low of $71.55 was recorded on 01/02/25. SMA at 50 days reached $96.66, while 200 days put it at $88.19.
Levels Of Support And Resistance For SBUX Stock
The 24-hour chart illustrates a support level at 91.92, which if violated will result in even more drops to 90.99. On the upside, there is a resistance level at 93.71. A further resistance level may holdings at 94.57. The Relative Strength Index (RSI) on the 14-day chart is 46.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.24%. Stochastics %K at 65.63% 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 2024-12-13, dropping by -0.42 million shares to a total of 30.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 30.79 million shares. There was a decline of -1.37%, which implies that there is a negative sentiment for the stock.
