$SBUX+2.1% after results.

The company beat analysts' estimates. Higher earnings ($8.72B) and higher earnings per share (0.74). Despite this, the stock dropped significantly. It wrote off over 4.5% after the market opened and ended the day with a loss of 9.17% or $-10.5.

Starbucks

SBUX

$81.33 $1.68 +2.11%

Capital Structure

Market Cap

92.1B

Enterpr. Val.

112.9B

Valuation

P/E

22.4

P/S

2.5

Open $79.58

Day range $79.27 - $81.75

52 week range $71.80 - $107.66

The stock was already at significant resistance earlier which worked again. A large number of stocks traded in this zone and investors simply took profits. Now there is room for more weakness (not as big, but it is there) on $SBUX.

Anyone holding Starbucks?