Shares of Starbucks jumped 5.35% to $105.78 at 15:08 EST on Thursday, after three consecutive sessions in a row of losses. The Nasdaq Stock Market is jumping 0.29% to $12,374.60, following yesterday’s downward trend, on what at the moment seems, a somewhat positive trend trading session today.
Starbucks’s last close was $100.40, 0.19% under its 52-week high of $105.98.
News about Starbucks today
Mellody hobson, new chair of the Starbucks board, is a big champion of financial literacy. According to today’s article on CNBC, “Mellody Hobson, named Starbucks’ new board chair on Wednesday, knows what it is like to grow up without money.”
Some like it cold: Starbucks sold $1 billion in chilled drinks in last 3 years. According to today’s article on MarketWatch, “Starbucks Corp. is building on its line of cold beverages, which the global coffee company says has already driven $1 billion in sales over the last three years.”
Starbucks’s sales growth is a negative 1.9% for the current 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 $105.78 at 15:08 EST, below its 52-week high of $105.98 and way higher than its 52-week low of $50.02.
Starbucks’s Moving Average
Starbucks’s worth 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
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.”
According to The Wall Street Journal on Wed Dec 9, “Starbucks Corp. said investor Mellody Hobson has been appointed nonexecutive chairwoman of the company’s board.”
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 retailer’s guidance 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.”