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Shares of Starbucks Corp. (SBUX) slid 2.39% to $97.73 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.84% to 4,577.11 and Dow Jones Industrial Average falling 1.51% to 35,368.47. This was the stock's seventh consecutive day of losses. Starbucks Corp. closed $28.59 short of its 52-week high ($126.32), which the company reached on July 23rd.
The stock underperformed when compared to some of its competitors Tuesday, as PepsiCo Inc. (PEP) fell 0.96% to $173.96, McDonald's Corp. (MCD) fell 0.48% to $256.48, and Yum! Brands Inc. (YUM) fell 0.54% to $126.38. Trading volume (11.4 M) eclipsed its 50-day average volume of 7.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 18, 2022.
(END) Dow Jones Newswires
January 18, 2022 17:22 ET (22:22 GMT)
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