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Shares of Starbucks Corp. (SBUX) shed 3.31% to $71.28 Wednesday, on what proved to be an all-around grim 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. Starbucks Corp. closed $55.04 below its 52-week high ($126.32), which the company achieved on July 23rd.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as PepsiCo Inc. (PEP) fell 6.20% to $163.65, McDonald's Corp. (MCD) fell 4.38% to $231.05, and Yum! Brands Inc. (YUM) fell 2.68% to $109.46. Trading volume (10.5 M) remained 1.1 million below its 50-day average volume of 11.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 18, 2022.
(END) Dow Jones Newswires
May 18, 2022 17:19 ET (21:19 GMT)
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