Starbucks Corp. Stock Underperforms Friday When Compared To Competitors
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Shares of Starbucks Corp. (SBUX) shed 1.24% to $76.52 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.57% to 4,123.34 and Dow Jones Industrial Average falling 0.30% to 32,899.37. This was the stock's second consecutive day of losses. Starbucks Corp. closed $49.80 short of its 52-week high ($126.32), which the company achieved on July 23rd.
The stock underperformed when compared to some of its competitors Friday, as PepsiCo Inc. (PEP) rose 0.01% to $170.41, McDonald's Corp. (MCD) rose 0.75% to $250.78, and Yum! Brands Inc. (YUM) fell 0.20% to $115.39. Trading volume (11.1 M) eclipsed its 50-day average volume of 10.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 6, 2022.
(END) Dow Jones Newswires
May 06, 2022 17:19 ET (21:19 GMT)
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