Stock Market Recap: Starbucks Stock Rises after Billionaire Buy In
Stock indexes closed mixed across the board on the lowest Consumer Confidence Index reading in 28 years. The Dow dropped -5.86 to 12986.80, the S&P500 gained +1.78 to 1425.35, and the NASDAQ fell -4.88 ending at 2528.85.
Starbucks
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PowerRating) climbed 5.85% or .95 cents to 17.02 after billionaire, activist investor Leonard Peltz’s Trian Partners purchase of .01% was revealed.
Urban Outfitters
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PowerRating) fell 5.96% or 1.96 per share to 30.92 on analysts downgrades.
BMC Software
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PowerRating) added 5.85% or 2.15 closing at 38.58 after beating analysts estimates on fourth quarter profits resulting from growing license and service revenue.
Kohl’s Corp.
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PowerRating) gave back 2.73% or 1.38 to 49.11 on removal from Goldman’s “Conviction Buy List”.
Oil set an intraday record prior to dropping back to 126.64. Gold climbed 19.90 to 899.90.
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