Reactions to story from Volume Spike Investor — Investing in stocks based on short term spikes in volume
After-Hours Volume Surge: Starbucks (SBUX)
http://www.vsinvestor.com/ 2008/ 07/ after-hours-volume-surge-starbucks-sbux.html
Starbucks Corp. (NASDAQ: SBUX) is seeing a surge in after-hours trading volume. Shares closed down 0.76% at $15.62 in normal trading today, but we are seeing shares actually trade higher by 3% at $16.14. As of 4:32 PM EST we have seen some Shares had been briefly been halted for news that the company was increasing the number of store closures in its restructuring. It seems that Wall Street will accept anything right now, including a fallen-from-grace growth company, who is going to slow its own growth even further.
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