Starbucks Corp’s recently made public 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 $4.59 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 Tuesday, Starbucks Corp [NASDAQ:SBUX] saw its stock fall -1.53% to $99.58. Over the last five days, the stock has lost -11.14%. Starbucks Corp shares have risen nearly 9.13% since the year began. Nevertheless, the stocks have risen 9.49% over the past one year. While a 52-week high of $117.46 was reached on 03/03/25, a 52-week low of $71.55 was recorded on 01/13/25. SMA at 50 days reached $103.97, while 200 days put it at $92.96.
Levels Of Support And Resistance For SBUX Stock
The 24-hour chart illustrates a support level at 98.05, which if violated will result in even more drops to 96.53. On the upside, there is a resistance level at 102.05. A further resistance level may holdings at 104.53. The Relative Strength Index (RSI) on the 14-day chart is 31.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.86%. Stochastics %K at 10.78% indicates the stock is a buying.
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.
