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Why Is It Moving? Analyzing The Downward Movement in Starbucks's Stock Today

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Starbucks's Stock Price And Volume Action

Starbucks's (NASDAQ:SBUX) stock has been falling Wednesday, down 5.9% to a price of $99.11. The stock's volume is currently 3.08 million, which is roughly 57.7% of its recent 30-day volume average of 5.33 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Starbucks shares are trading lower after the company reported worse-than-expected Q1 sales results and issued Q2 EPS guidance below estimates. The company also reported global comparable store sales declined 5%.

Insights On Recent Price Action

The 50-day moving average price of Starbucks's stock was $101.76 when this article was published. The stock reached a high of $107.75 and a low of $50.02 in the past 52 weeks.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

 

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