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SBUX Aug 2024 70.000 put

OPR - OPR Delayed price. Currency in USD
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0.9500+0.1100 (+13.10%)
As of 03:43PM EDT. Market open.
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Previous close0.8400
Expiry date2024-08-16
Day's range0.9100 - 0.9800
Contract rangeN/A
Open interest2.24k
  • Yahoo Finance Video

    Fast food companies compete for the best value meal

    More fast food companies are rolling out value meals to appeal to consumers as inflation continues to pose a budgetary challenge, including McDonald's (MCD), Restaurant Brands International's Burger King (QSR), and Starbucks (SBUX). Head of Analytical Research R.J. Hottovy joins Asking for a Trend to discuss the state of the overall food industry and consumer spending. Hottovy believes various value meal offerings have been successful, explaining: "All these promotional deals right now are the key thing that are driving visits across the restaurant industry. And why is that? Because we saw a lot of visitation loss to things like value grocers and discount stores, and even convenience stores are another channel that we've seen it. And this is a restaurant's way of recapturing that lost market share a little bit. It's being helped out by food at home, inflation coming down a bit. They're able to withstand a little bit more on the discounting side." He notes that the major question facing restaurants is whether they can keep up the momentum as value offerings increase competition. "I think we're looking at a consumer that is really looking to stretch their household budgets. Interestingly, we do see that consumers are still willing to spend for big events and activities and holidays, but it's those shoulder periods in between that consumers are really taking a pause right now," Hottovy says. He adds that lower and middle-income consumers have become a "focal point" for restaurants as they try to get them back in their doors and spending. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Melanie Riehl

  • Reuters

    Coca-Cola, Starbucks file to extend trademarks in Russia, newspaper reports

    Coca-Cola filed three trademark applications in April, Vedomosti said, citing documents on the website of Russian intellectual property agency Rospatent. "Intellectual property assets are of high value and importance to the Coca-Cola Company, and we continuously take steps to enhance and reinforce these assets worldwide," a Coca-Cola spokesperson said in a statement to Reuters.

  • Zacks

    Starbucks (SBUX) Stock Down 21% in a Year: What's Hurting It?

    Ongoing economic challenges and weakening consumer confidence are dampening Starbucks' (SBUX) growth prospects.