Traders short coffee stock

 

Stocks are down at mid-day Friday, with every sector below break-even. Starbucks (SBUX) is making headlines after data was released regarding the volume in which the company’s stock has been shorted over the past week. This comes as the company’s former CEO, Howard Schultz, continues a publicity tour presaging an independent presidential run.

At present, the S&P 500 is down 0.58%, the DJIA is down 0.79%, and the NASDAQ is down 0.51%.

Industries doing well today include Leisure Products, Personal Products, and Communications Equipment. Industries showing weakness include Auto Components, Internet & Direct Marketing Retail, and Semiconductors & Semiconductor Equipment. The VIX is up 0.91 to 17.28 after the previous close of 16.37. The most heavily traded options this morning are for the S&P 500 SPDR (SPY), with 7,801 Feb 8 268 puts on the board. The total put/call ratio as of 10:30 AM was 1.20 (541,081/452,358). The advancers/decliners ratio for NYSE stocks is 984/1,760 while the advancers/decliners ratio for NASDAQ stocks is 1,075/1,733.

[InvestorsKeyhole, various news and data sources]

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