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Tuesday, June 2, 2020  Spokane, Washington  Est. May 19, 1883
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News >  Nation/World

Starbucks Officials Profit On Stock

By Compiled From Wire Services

Starbucks Corp. executives sold 271,150 shares to collect about $7.83 million last month as the stock reached an eight-month high on expectations earnings will rise on its plan to sell coffee at supermarkets.

Chairman Howard Schultz led the sales, with 113,000 shares at $38.875 to $39 each June 23 to raise $4.4 million. He still owns 1.79 million shares. Six senior vice presidents exercised options to buy 80,134 shares at an average price of about $13 a share and then sold the stock on the open market, collecting about $3.43 million from June 3 to June 27.

The sales took place before and just after the stock hit an eight-month high of 39 3/16 June 24, the day Starbucks said it would start selling coffee beans and ground coffee at supermarkets in Chicago, in a plan to capture as much as 20 percent of the $3 billion U.S. grocery-store market for coffee.

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Asking the right questions of your CBD company

Bluegrass Hemp Oil in Spokane Valley offers a variety of products that can be very effective for helping with some health conditions. (Courtesy BHO)

If you are like most CBD (cannabidiol) curious consumers, you’ve heard CBD can help with many ailments.