1M People Sign Starbucks Corporation (NASDAQ:SBUX) Petition

Posted by Steve Raasch October 13, 2013 0 Comment 1522 views


It’s been almost two weeks since the U.S government has been closed and Starbucks Corporation (NASDAQ:SBUX) is trying to do something about the situation. It is on a signature-collection campaign and the plan is to send the petition to Washington. Starbucks Corporation (NASDAQ:SBUX)’s officials say that they started with the signature collection on Friday and over 1M people across the country have already signed this petition.

This petition has been created to encourage the Congress to quickly get the budget passed and also get all the federal employees back to work. Starbucks Corporation (NASDAQ:SBUX) wants to share this petition with government leaders in Washington and hopes that things will get back on track soon.

Friday’s trading

In Friday’s trading, Starbucks Corporation (NASDAQ:SBUX) rose by 0.91%. The opening price of the shares was $77.22, which climbed to an intraday high of $77.84 and dipped to a close of $77.82. Approximately 2.77 million shares were traded on Friday while an average volume of 3.66 million shares were traded over a 30 day period. The 52-week low of Starbucks Corporation (NASDAQ:SBUX) shares is $44.27 and its 52-week high is $78.03. Starbucks Corporation (NASDAQ:SBUX) has a market capitalization of $58.47 billion.

About the company

Starbucks Corporation (NASDAQ:SBUX) is a roaster and a marketer as well as retailer of coffee and operates in 60 countries. It purchases and roasts a variety of coffees and sells it along with handcrafted-coffee, tea as well as other beverages and numerous fresh-food items, via its Company-operated stores.

The company’s products

Starbucks Corporation (NASDAQ:SBUX) also sells a range of coffee and tea-products and licenses the company trademarks via other channels, like national food-service accounts and its numerous licensed stores. As of 30 September 2012, the Starbucks Corporation (NASDAQ:SBUX) operated 9,405 Company operated stores. In addition it also operated 8,661 licensed stores.



About Steve Raasch

Steve Raasch is a breaking news reporter for GDP insider. During his nearly two decades of editorial experience, Steve has covered a variety of topics including small business, health, personal finance, advertising, workplace issues and consumer behavior. Steve is very passionate about his work. Steve earned a master of arts degree in international relations from the Johns Hopkins University School of Advanced International Studies in Washington.

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