Starbucks Stock News

Starbucks, the US cafe chain, has denied a report by Chinese financial magazine Caixin suggesting it was considering a full sale of its China operations, according to a Reuters report.  Starbucks stated it is not currently contemplating such a sale.

U.S. cafe chain Starbucks said it is not currently considering a full sale of its China operations, after Chinese financial magazine Caixin reported that it was without disclosing where it obtained the information.

Starbucks stock has frothier days ahead.

Chain's first global championship supercharged an already cutthroat competitive circuit; 14,000 fans go wild for ‘Blooming Yuzu Espresso'

Starbucks CEO Brian Niccol pitched his turnaround strategy to store managers at the company's Leadership Experience in Las Vegas. Store managers applauded coming changes, like more seating inside cafes and full-time assistant managers.

In this video, Motley Fool contributor Jason Hall explains why he believes Starbucks (SBUX -1.11%) is primed to outperform the market over the next five years and beyond.

Starbucks Corp. NASDAQ: SBUX is at the beginning of a high-stakes turnaround under new chief executive officer (CEO) Brian Niccol. However, while SBUX stock is up 11% since April and may offer long-term value if the turnaround takes root, financial and cultural headwinds may limit the stock gains in the short term.

In trading on Wednesday, shares of Starbucks crossed above their 200 day moving average of $95.69, changing hands as high as $95.91 per share. Starbucks shares are currently trading up about 4% on the day.