Stocks Retreating on New Evolution: Starbucks (NASDAQ:SBUX), America Movil (NYSE:AMX)

Starbucks Corporation (NASDAQ:SBUX) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -2.22% to $57.21. CEO of Starbucks (SBUX) Howard Schultz’s decision to step down is unlikely to disrupt growth at the world’s biggest coffee chain as his successor Kevin Johnson is well suited to take the helm, analysts stated.

Starbucks Corp (SBUX) stated on Thursday that Schultz would step down as CEO on April 3 to focus on new high-end coffee shops, handing the top job to Chief Operating Officer Johnson, a long-time technology executive. The last time Schultz stepped down as CEO – in 2000 – the firm’s shares had plunged. Schultz returned to the top job in 2008. Since then the firm’s yearly sales have over doubled and its stock has risen six-fold. The share price of SBUX attracts active investors, as stock price of week volatility recorded 1.65%. The stock is going forward to its 52-week low with 13.05% and lagging behind from its 52-week high price with -7.15%.

America Movil S.A.B. de C.V. (NYSE:AMX) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -0.59% to close at $11.78 with the total traded volume of 3.05 Million shares. America Movil SA (AMX) plans to list ADSs representing Series A shares on NYSE (presently listed on the NASDAQ). The Firm expects that the ADSs will be listed and start trading on the NYSE on December 13, 2016 under the ticker symbol “AMOV” and that, in the meantime, the ADSs will continue to trade on NASDAQ. The firm has institutional ownership of 12.80%, while insider ownership included 13.79%. Its price to sales ratio ended at 0.87. AMX attains analyst recommendation of 2.80 with week performance of 0.51%.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

Leave a Reply

Your email address will not be published. Required fields are marked *