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Why Starbucks Stock Skyrocketed This Week

TheMotleyFool 
0 0 15.08.24
Why Starbucks Stock Skyrocketed This WeekPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/bda07ced-e79e-4489-b731-ada601660c8e.png
 

Shares of Starbucks (NASDAQ: SBUX) were skyrocketing this week after the coffee giant stunned investors by dumping CEO Laxman Narasimhan just 17 months into his tenure and naming Chipotle (NYSE: CMG) CEO Brian Niccol as its next leader.

Niccol is highly regarded for arriving at Chipotle when the business was still crushed by the E. coli crisis and leading a successful turnaround. The stock has been up roughly 800% since then.

Starbucks investors are clearly hoping Niccol can work some of the same magic on the ailing coffee chain. According to data from S&P Global Market Intelligence, Starbucks shares were up 25.4% as of 12:25 p.m. ET for the week.

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Source Fool.com

Starbucks Corp. Stock

€91.45
0.210%
The Starbucks Corp. stock is trending slightly upwards today, with an increase of €0.19 (0.210%) compared to yesterday's price.
Currently there is a rather positive sentiment for Starbucks Corp. with 41 Buy predictions and 6 Sell predictions.
With a target price of 97 € there is a slightly positive potential of 6.07% for Starbucks Corp. compared to the current price of 91.45 €.
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