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Shares of Starbucks Corp. (SBUX) slid 2.50% to $70.06 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.65% to 3,935.18 and Dow Jones Industrial Average falling 1.02% to 31,834.11. This was the stock's fifth consecutive day of losses. Starbucks Corp. closed $56.26 short of its 52-week high ($126.32), which the company reached on July 23rd.
The stock underperformed when compared to some of its competitors Wednesday, as PepsiCo Inc. (PEP) fell 0.48% to $170.66, McDonald's Corp. (MCD) fell 0.51% to $244.43, and Yum! Brands Inc. (YUM) fell 1.66% to $108.90. Trading volume (12.1 M) eclipsed its 50-day average volume of 11.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 11, 2022.
(END) Dow Jones Newswires
May 11, 2022 17:20 ET (21:20 GMT)
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