$SBUX,...Nervous feet over Starbucks?
The heavy trading on Starbucks (NASDAQ:SBUX) Friday has been tied to a large block trade run by Bank of America Merrill Lynch at a 1.3% discount to Thursday's closing price.
The seller of the shares hasn't been identified, although it wasn't an insider based on SEC filings.
Volume Friday on SBUX was at 7.31M shares vs. 3.06M daily average.
Shares of Starbucks have dipped below $76 for the first time since mid-June.
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