Read more
6:19 PM · 29 October 2021

Starbucks shares plunge after reporting mixed quarterly results

Starbucks (SBUX.US) stock fell more than 7% after the coffee chain posted mixed quarterly figures. Starbucks earned $1.00 per share slightly above market projections, however revenue and global comparable-store sales fell short of analysts’ estimates. Starbucks saw a particularly negative impact on its results from a resurgence of Covid-19 in the key China market which forced the company to close many stores and overshadowed a strong performance by its U.S. business.

Starbucks (SBUX.US) stock launched today's session with a bearish price gap, below the lower limit of the wedge formation. If current sentiment prevails, downward move may accelerate towards local support at $97.50, which is marked with 38.2% Fibonacci retracement of the upward wave launched back in March 2020. Source: xStation5

17 April 2026, 2:39 PM

Rallies in European airline valuations

17 April 2026, 2:34 PM

US OPEN: The Strait of Hormuz is fully open 💥Euphoria in the markets 🚀

17 April 2026, 11:09 AM

Market wrap: Peace rumours and disapointing earnings

17 April 2026, 6:55 AM

Morning Wrap: Trump Announces Ceasefire Between Israel and Lebanon

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits