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Shares of Starbucks Corp. (SBUX) rose 8.15% to $75.60 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 2.39% to 4,023.89 and the Dow Jones Industrial Average rising 1.47% to 32,196.66. The stock's rise snapped a six-day losing streak. Starbucks Corp. closed $50.72 short of its 52-week high ($126.32), which the company reached on July 23rd.
The stock outperformed some of its competitors Friday, as PepsiCo Inc. (PEP) rose 1.95% to $173.72, McDonald's Corp. (MCD) rose 0.35% to $245.04, and Yum! Brands Inc. (YUM) rose 2.10% to $112.83. Trading volume (18.2 M) eclipsed its 50-day average volume of 11.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 13, 2022.
(END) Dow Jones Newswires
May 13, 2022 17:19 ET (21:19 GMT)
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