Starbucks Reaches New 52-Week High (SBUX)

Starbucks Corporation (Nasdaq:SBUX) hit a new 52-week high Friday as it is currently trading at $67.72, above its previous 52-week high of $67.68 with 2.6 million shares traded as of 4 p.m. ET. Average volume has been 4.5 million shares over the past 30 days.
By TheStreet Wire ,

NEW YORK (

TheStreet

) --

Starbucks Corporation

(Nasdaq:

SBUX

) hit a new 52-week high Friday as it is currently trading at $67.72, above its previous 52-week high of $67.68 with 2.6 million shares traded as of 4 p.m. ET. Average volume has been 4.5 million shares over the past 30 days.

Starbucks has a market cap of $50.01 billion and is part of the services sector and leisure industry. Shares are up 25.5% year to date as of the close of trading on Wednesday.

Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. As of September 30, 2012, the company operated 9,405 company-operated stores and 8,661 licensed stores.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates

Starbucks

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Starbucks Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

.

null

Loading ...