Is Starbucks Corp (SBUX) Stock About to Get Hot Thursday?

Starbucks Corp (SBUX) stock has fallen 0.02% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Starbucks Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SBUX!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With SBUX Stock Today?

Starbucks Corp (SBUX) stock is trading at $90.93 as of 11:28 AM on Thursday, Mar 14, a decline of -$0.68, or -0.74% from the previous closing price of $91.61. The stock has traded between $90.41 and $91.24 so far today. Volume today is below average. So far 2,245,786 shares have traded compared to average volume of 8,910,673 shares. To screen for more stocks like Starbucks Corp click here.

More About Starbucks Corp

Starbucks is one of the most widely recognized restaurant brands in the world, operating nearly 36,000 stores across more than 80 countries as of the end of fiscal 2022. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products. Click Here to get the full Stock Report for Starbucks Corp stock.