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Shares of Starbucks Corp. (SBUX) rose 9.83% to $81.64 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 2.99% to 4,300.17 and the Dow Jones Industrial Average rising 2.81% to 34,061.06. Starbucks Corp. closed $44.68 short of its 52-week high ($126.32), which the company achieved on July 23rd.
The stock outperformed some of its competitors Wednesday, as PepsiCo Inc. (PEP) rose 3.49% to $173.86, McDonald's Corp. (MCD) rose 3.44% to $254.32, and Yum! Brands Inc. (YUM) rose 2.97% to $118.49. Trading volume (30.1 M) eclipsed its 50-day average volume of 10.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 4, 2022.
(END) Dow Jones Newswires
May 04, 2022 17:19 ET (21:19 GMT)
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