Starbucks (SBUX) Moves Higher on Rumors of Jump in Sales
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Price: $107.08 +2.97%
Rating Summary:
26 Buy, 22 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
26 Buy, 22 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Shares of Starbucks (NASDAQ: SBUX) are moving higher in early trading on Thursday, gaining 1.5 percent. A boutique Midwest investment firm reportedly said that U.S. retail sales jumped over the past six weeks and comps could be reported in the mid-single digits range.
Starbucks stock declined in late July after the company lowered its guidance. Since then shares have recovered somewhat, but are still lower by close to 5 percent since its earnings report on July 26th.
Starbucks stock declined in late July after the company lowered its guidance. Since then shares have recovered somewhat, but are still lower by close to 5 percent since its earnings report on July 26th.
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