Hitting A New 52 Week High, Starbucks Corporation (Nasdaq:SBUX) Close At $83.35

SBUX
SBUX

Starbucks Corporation (Nasdaq:SBUX)

June 13th, 2019

Amidst rising markets Starbucks Corporation rose $0.42 Thursday which equals a 0.51% jump, closing at $83.35. Furthermore it hit a new 52 week high of $84.05.

SBUX was outperformed by the rest of the Consumer Discretionary sector which went up 0.90%.

Starbucks Corporation is listed on the S&P 500 index, and was one of 375 stocks that increased today. Weighted by market cap, SBUX represents about 0.39% of the S&P 500.

Starbucks Corporation is listed on NASDAQ 100, and was one of 80 stocks that rose today. Weighted by market cap, SBUX represents about 0.39% of NASDAQ 100.

Forecasts from 25 analysts indicates that Starbucks Corporation could drop somewhat (-4.02%), while Finbox has calculated (with low uncertainty) a fair value price of $76.21.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending up. Energy saw the biggest increase of the day (1.25%), while the Healthcare sector saw the biggest drop (-0.11%). Information Technology has seen the biggest year-to-date gain of 23.06%.

Utilities saw the biggest turn-around compared to its 5-day performance (-0.31%), as it went up by 0.15%. Healthcare saw a turn-around from its 5-day performance of 2.18% trading down -0.11%.

Sector Breakdown

  • Energy, up 1.25%.
  • Communication Services, up 1.14%.
  • Consumer Discretionary, up 0.90%.
  • Materials, up 0.58%.
  • Industrials, up 0.54%.
  • Financials, up 0.23%.
  • Information Technology, up 0.22%.
  • Utilities, up 0.15%.
  • Consumer Staples, up 0.11%.
  • Real Estate, up 0.09%.
  • Healthcare, down -0.11%.

Starbucks Corporation Info

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company also licenses its trademarks through licensed stores, and grocery and foodservice accounts. It offers its products under the Starbucks, Teavana, Tazo, Seattle’s Best Coffee, Evolution Fresh, La Boulange, Ethos, Frappuccino, Starbucks Reserve, Princi, Starbucks Doubleshot, Starbucks Refreshers, and Starbucks VIA brand names. As of April 25, 2019, the company operated approximately 30,000 stores. Starbucks Corporation was founded in 1971 and is based in Seattle, Washington.

All amounts in USD unless otherwise indicated

SBUX daily update
SBUX daily update

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