Starbucks Corporation (SBUX) Rises 2.24% for January 08

Equities Staff  |

Among the biggest risers on the S&P 500 on Friday January 08 was Starbucks Corporation ($SBUX), popping some 2.24% to a price of $105.67 a share with some 5.8 million shares trading hands.

Starting the day trading at $103.86, Starbucks Corporation reached an intraday high of $105.76 and hit intraday lows of $103.42. Shares gained $2.32 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 1.17 billion share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $50.03 to $107.75.

Through a global chain of more than 32,600 company-owned and licensed stores, Starbucks sells coffee, espresso, teas, cold blended beverages, food, and accessories. The company also distributes packaged and single-serve coffee, tea, juice, and pastries through its own stores, grocery store chains, and warehouse clubs under the Starbucks and Teavana brands under the Global Coffee Alliance partnership with Nestle. In addition, Starbucks markets bottled beverages, ice creams, and liqueurs through partnerships with Pepsi, Anheuser-Busch, Tingyi, and Arla. In fiscal 2020, Starbucks' Americas segment (including the U.S.) represented 70% of total revenue, followed by the international segment (including China) at 22%, then channel development at 8%.

Starbucks Corporation has its corporate headquarters located in Seattle, WA and employs 349,000 people. Its market cap has now risen to $124.02 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B -15.89, and P/FCF n/a.

You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of Starbucks Corporation, check out Stock Valuation Analysis tool for SBUX.

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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.

The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.

To get more information on Starbucks Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: SBUX’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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