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Benzinga
Benzinga
Business
Melanie Schaffer

Starbucks Stock Shows Relative Strength To S&P 500: Here's What To Watch

Starbucks Nasdaq SBUX Starbucks Corp Jon Tower Laxman Narasimhan Sara Senatore

Starbucks Corp. (NASDAQ:SBUX) shares spiked more than 3% on Wednesday in tandem with the S&P 500, which was trading up about 0.8%.

The rise on Wednesday was caused by continued momentum in the stock after Starbucks closed Tuesday’s session up almost 2%. The rise on Tuesday was in opposition to a .41% decline in the S&P 500, indicating Starbucks was showing relative strength.

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