Starbucks Corp’s filing revealed that 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 $4.97 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.
Stifel reiterated its Starbucks Corp [SBUX] rating to a Buy in a research note published on January 27, 2025; the price target was $114. Redburn Atlantic also remained covering SBUX and has decreased its forecast on November 13, 2024 with a “Sell” recommendation from previously “Neutral” rating. Morgan Stanley maintained its rating on October 17, 2024. It rated SBUX as “an Overweight”.
Price Performance Review of SBUX
On Friday, Starbucks Corp [NASDAQ:SBUX] saw its stock fall -1.21% to $107.68. Over the last five days, the stock has gained 8.98%. Starbucks Corp shares have risen nearly 18.01% since the year began. Nevertheless, the stocks have risen 14.46% over the past one year. While a 52-week high of $110.34 was reached on 01/30/25, a 52-week low of $71.55 was recorded on 01/13/25. SMA at 50 days reached $96.77, while 200 days put it at $88.98.
Levels Of Support And Resistance For SBUX Stock
The 24-hour chart illustrates a support level at 107.00, which if violated will result in even more drops to 106.31. On the upside, there is a resistance level at 108.86. A further resistance level may holdings at 110.04. The Relative Strength Index (RSI) on the 14-day chart is 77.38, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.32, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.03%. Stochastics %K at 90.30% indicates the stock is a selling.
How much short interest is there in Starbucks Corp?
A steep rise in short interest was recorded in Starbucks Corp stocks on 2025-01-15, dropping by -2.6 million shares to a total of 27.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 30.37 million shares. There was a decline of -9.34%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 17, 2024 when BTIG Research resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $115.
