Shares of Starbucks jumped 2.62% to $102.73 at 13:06 EST on Friday, after three successive sessions in a row of gains. The Nasdaq Stock Market is jumping 0.59% to $12,450.00, following yesterday’s upward trend, on what at the moment seems, a somewhat positive trend exchanging session today.
Starbucks’s last close was $100.11, 0.08% under its 52-week high of $102.65.
News about Starbucks today
Starbucks stock rallies to another record after analysts boost price target ahead of investor day. According to today’s article on MarketWatch, “Shares of Starbucks Corp. surged 1.9% in morning trading Friday toward a second-straight record close, after Wedbush analyst Nick Seytan boosted his price target by 15% ahead of the coffee seller’s Investor Day next week”
According to today’s article on MarketWatch, “Starbucks shares rally to record high ahead of investor event.”
Starbucks’s sales growth is a negative 1.9% for the ongoing quarter and 11.4% for the next. The company’s growth estimates for the current 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 $102.73 at 13:06 EST, higher than its 52-week high of $102.65.
Starbucks’s Moving Average
Starbucks’s worth is way higher than its 50-day moving average of $93.15 and way above its 200-day moving average of $83.16.
Previous days news about Starbucks
Starbucks to offer free coffee to frontline workers throughout december. According to MarketWatch on Tue Dec 1, “Starbucks Corp. will be giving away a tall brewed coffee, hot or iced, to frontline workers through the month of December, the company announced early Tuesday”
According to Bloomberg Quint on Wed Dec 2, “Guatemala Farmers Can’t Afford to Grow Starbucks’s Loved Bean.”