Starbucks Corp. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Starbucks Corp. (SBUX) slid 1.47% to $95.58 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.15% to 4,349.93 and Dow Jones Industrial Average falling 0.38% to 34,168.09. This was the stock's second consecutive day of losses. Starbucks Corp. closed $30.74 short of its 52-week high ($126.32), which the company reached on July 23rd.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as PepsiCo Inc. (PEP) fell 1.06% to $169.53, McDonald's Corp. (MCD) fell 0.33% to $249.85, and Yum! Brands Inc. (YUM) fell 1.56% to $120.14. Trading volume (11.9 M) eclipsed its 50-day average volume of 7.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 26, 2022.
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January 26, 2022 17:22 ET (22:22 GMT)
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