Starbucks Corp. Stock Falls Tuesday, Still Outperforms Market
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Shares of Starbucks Corp. (SBUX) slid 1.11% to $97.01 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.22% to 4,356.45 and Dow Jones Industrial Average falling 0.19% to 34,297.73. The stock's fall snapped a two-day winning streak. Starbucks Corp. closed $29.31 below its 52-week high ($126.32), which the company achieved on July 23rd.
Despite its losses, the stock outperformed some of its competitors Tuesday, as PepsiCo Inc. (PEP) fell 1.15% to $171.34, McDonald's Corp. (MCD) fell 1.16% to $250.68, and Yum! Brands Inc. (YUM) fell 3.40% to $122.05.true Trading volume (11.8 M) eclipsed its 50-day average volume of 7.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 25, 2022.
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January 25, 2022 17:22 ET (22:22 GMT)
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