Starbucks maintains composure within $98.33 to $99.61 range

Yesterday at a glance: Starbucks spiked to $99.61 yesterday and consolidated before initiating a fresh rally to $98.53. This comes following Thursday's session in which it closed at $98.44.

• Daily trading volume (7.27 million shares) increased, making up 110% of the 21-day average (6.62 million).
• Starbucks discloses 53 cents per share dividend to be paid on Friday, May 26th

Yesterday's closing bell ended a trading session in which Nasdaq went up to 12,976, making a 2.19% change. S&P 500 increased to 4,205.45, which is a 1.3% change. While Starbucks remained flat yesterday, the Consumer Cyclical sector went up by 0.255%.

Over the past 26 days, the coffee roaster and retailer has retreated 14.07% from a noteworthy peak of $114.56. So far this year, it has been doing worse than the Nasdaq by 22.5%. The company has a market cap of $112.95 billion with an average daily volume of 6.62 million shares. Starbucks expected revenue of $8.40 billion with an EPS of 74 cents.

Starbucks disclosed a quarterly dividend of 53 cents per share on Wednesday, March 22nd that was paid on Friday, May 26th to all shareholders of record up until Friday, May 12th. Based on current prices, the company's decision thereby provides Starbucks investors with an annual dividend yield of 2.15%.

Meanwhile, mixed performances were seen by other consumer discretionary stocks as Amazon traded at $120.11 after closing yesterday's trading day at $115 (up 4.44%). Tesla traded at $193.17 after closing yesterday's trading day at $184.47 (up 4.72%). Lowe's gained 2.73%, as it traded at $206.52.