Volume Alert: Starbucks (SBUX)

Posted in General 
June 30th, 2009

Starbucks Corp. (Nasdaq: SBUX) shares are down roughly 4% as of 10:15 a.m. Eastern, trading roughly a third of its aveage daily volume in the first¬†45 minutes of trading. The stock appears to be cooling following the release of industry data from NPD Group that showed gourmet coffee and tea sales fell 12.6% from year-ago levels. Also, contacts say that a top-tier brokerage suggests Starbucks same-store sales in June may have fallen more than analysts are anticipating. — Mike Tarsala.


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