Starbucks Corporation (NASDAQ:SBUX) shot up briefly intraday before retracing under Monday’s low-of-day to head into its third-quarter financial results Tuesday afternoon.
When Starbucks printed a second-quarter earnings beat on May 3, the stock gapped up 6.7% higher the following day and rallied almost 3% intraday. Starbucks then sold off heavily over the six trading days that followed before reversing into an uptrend at the $68.39 level on May 12.
