PepsiCo Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of PepsiCo Inc. (PEP) dropped 0.58% to $174.46 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 2.02% to 4,088.85 and the Dow Jones Industrial Average rising 1.34% to 32,654.59. The stock's fall snapped a two-day winning streak. PepsiCo Inc. closed $3.16 below its 52-week high ($177.62), which the company reached on April 28th.
The stock underperformed when compared to some of its competitors Tuesday, as Nestle S.A. ADR (NESN.EB) rose 0.14% to $123.19, Coca-Cola Co. (KO) fell 0.27% to $65.78, and Unilever PLC ADR (ULVR.LN) rose 0.64% to $45.86. Trading volume (5.0 M) remained 300,770 below its 50-day average volume of 5.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 17, 2022.
(END) Dow Jones Newswires
May 17, 2022 17:14 ET (21:14 GMT)
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