Starbucks Corp. Stock Falls Thursday, Still Outperforms Market
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Shares of Starbucks Corp. (SBUX) dropped 0.12% to $116.24 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.30% to 4,778.73 and Dow Jones Industrial Average falling 0.25% to 36,398.08. The stock's fall snapped a six-day winning streak. Starbucks Corp. closed $10.08 below its 52-week high ($126.32), which the company achieved on July 23rd.
Despite its losses, the stock outperformed some of its competitors Thursday, as PepsiCo Inc. (PEP) fell 0.17% to $172.67, McDonald's Corp. (MCD) fell 0.48% to $267.21, and Yum! Brands Inc. (YUM) fell 0.19% to $138.39.true Trading volume (4.1 M) remained 3.1 million below its 50-day average volume of 7.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 30, 2021.
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December 30, 2021 17:22 ET (22:22 GMT)
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