Starbucks (SBUX) Stock: Why The Price Increased Over 2.5% Today

By Amit Chowdhry ● May 17, 2022
  • The stock price of Starbucks Corporation (NASDAQ: SBUX) increased by over 2.5% during intraday trading today. This is why.

The stock price of Starbucks Corporation (NASDAQ: SBUX) increased by over 2.5% during intraday trading today. Investors responded positively to what was revealed in a regulatory filing. 

The filing showed that Starbucks CEO Howard Schultz acquired 72,5000 shares on May 12 at an average of $68.85 per share. This adds to the 137,500 shares that Schultz bought on May 10 in two blocks priced at $72.61 and $73.10. With these transactions, Schultz now owns 21,795,538 shares.

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