Shares of Starbucks rose 4.47% to $104.89 at 11:06 EST on Thursday, after three sequential sessions in a row of losses. The Nasdaq Stock Market is jumping 0.41% to $12,389.90, following yesterday’s downward trend, on what up until now seems, a somewhat positive trend exchanging session today.
Starbucks’s last close was $100.40, 0.19% under its 52-week high of $105.09.
Starbucks’s sales growth is a negative 1.9% for the present quarter and 11.5% for the next. The company’s growth estimates for the present quarter is a negative 29.1% and positive 84.4% for the next.
Year-on-year quarterly revenue growth declined by 8.1%, now sitting on 23.52B for the twelve trailing months.
Starbucks’s Stock Top and Bottom Yearly Value
Starbucks’s stock is valued at $104.89 at 11:06 EST, under its 52-week high of $105.09 and way higher than its 52-week low of $50.02.
Starbucks’s Moving Average
Starbucks’s value is way higher than its 50-day moving average of $94.63 and way higher than its 200-day moving average of $83.90.
Previous days news about Starbucks
Starbucks names Mellody Hobson chair in gain for black directors. According to Bloomberg Quint on Wed Dec 9, “Starbucks Corp. named finance executive Mellody Hobson to lead its board as chair, making her one of the highest-profile Black directors in corporate America.”
Starbucks boosts outlook, sees 20,000 more cafes with worst over. According to Bloomberg Quint on Wed Dec 9, “The notion of a Starbucks Corp. on every corner is back, with the chain planning to build more than 20,000 additional locations in the next decade after it has left the pandemic in its wake.”
Starbucks stock rises after outlook calls for ‘significant’ 2021 rebound. According to MarketWatch on Wed Dec 9, “Shares of Starbucks Corp. rose more than 4% in the extended session Wednesday after the retailer reiterated its guidance for next year and said that it is counting on a “significant rebound” for 2021.”