Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Starbucks Corp shares valued at $1,936,370 were sold by KELLY SARA on Nov 29 ’24. At $101.37 per share, KELLY SARA sold 19,102 shares. The insider’s holdings dropped to 46,115 shares worth approximately $5.19 million following the completion of this transaction.
Also, KELLY SARA purchased 19,102 shares, netting a total of over 1,936,370 in proceeds.
Before that, Conway Michael Aaron had added 24,884 shares to its account. In a trade valued at $2,557,462, the Officer bought Starbucks Corp shares for $102.78 each.
As published in a research note from Stifel on January 27, 2025, Starbucks Corp [SBUX] has been retained to a Buy and the price target has been revised to $114. As of November 13, 2024, Redburn Atlantic has decreased its “Neutral” rating to a “Sell” for SBUX. Earlier on October 17, 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 1.31%. Over the course of the year, Starbucks Corp shares have jumped approximately 23.28%. Shares of the company reached a 52-week high of $113.47 on 02/14/25 and a 52-week low of $91.38 on 01/13/25. A 50-day SMA is recorded $99.40, while a 200-day SMA reached $90.49. Nevertheless, trading volume fell to 8.26 million shares from 7.57 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 112.11, which, if violated, would cause prices to drop to 111.72. In the upper region, resistance lies at 113.11. The next price resistance is at 113.72. RSI (Relative Strength Index) is 73.39 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.39, which suggests the price will increase in the coming days. Percent R is at 12.33%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
