Firm buys 63,628 Starbucks shares as earnings beat lifts stock
The firm acquired 63,628 Starbucks shares worth about $6.5 million, alongside other institutional trades. Starbucks reported quarterly EPS of $0.85, beating consensus of $0.66, and revenue above expectations. The stock opened at $107.08, sold at an average $105.99, and insiders sold 6,687 shares while the CEO owned 75,135 shares.