Starbucks maintains composure within $98.33 to $99.61 range

Published: May 27 2023, 00:36 GMT+0

Starbucks maintains composure within $98.33 to $99.61 range

Yesterday at a glance: after closing at $98.44 on Thursday, Starbucks rallied as high as $99.61 but ended the day at $98.53.

Uncertainty around Starbucks is reflected by published market data as highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%. United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

Meanwhile, mixed performances were seen by other consumer discretionary stocks as Amazon gained 4.44%, as it traded at $120.11. Tesla gained 4.72%, as it traded at $193.17. Lowe's traded at $206.52 after closing yesterday's trading day at $201.04 (up 2.73%).

Over the past 26 days, the famous coffee brand has retreated 14.07% from a noteworthy peak of $114.56.