Starbucks Corp. Stock Falls Tuesday, Underperforms Market
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Shares of Starbucks Corp. (SBUX) shed 2.22% to $71.86 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.25% to 4,001.05 and the Dow Jones Industrial Average falling 0.26% to 32,160.74. This was the stock's fourth consecutive day of losses. Starbucks Corp. closed $54.46 below 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 0.12% to $171.49, McDonald's Corp. (MCD) fell 0.73% to $245.68, and Yum! Brands Inc. (YUM) rose 0.58% to $110.74. Trading volume (14.1 M) eclipsed its 50-day average volume of 11.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 10, 2022.
(END) Dow Jones Newswires
May 10, 2022 17:20 ET (21:20 GMT)
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