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Shares of PepsiCo Inc. (PEP) shed 6.20% to $163.65 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 4.04% to 3,923.68 and Dow Jones Industrial Average falling 3.57% to 31,490.07. This was the stock's second consecutive day of losses. PepsiCo Inc. closed $13.97 below its 52-week high ($177.62), which the company reached on April 28th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Nestle S.A. ADR (NESN.EB) fell 2.91% to $119.61, Coca-Cola Co. (KO) fell 6.96% to $61.20, and Unilever PLC ADR (ULVR.LN) fell 3.62% to $44.20. Trading volume (8.9 M) eclipsed its 50-day average volume of 5.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 18, 2022.
(END) Dow Jones Newswires
May 18, 2022 17:14 ET (21:14 GMT)
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