PepsiCo Inc. Stock Falls Thursday, Underperforms Market
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Shares of PepsiCo Inc. (PEP) shed 1.50% to $161.20 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.58% to 3,900.79 and Dow Jones Industrial Average falling 0.75% to 31,253.13. This was the stock's third consecutive day of losses. PepsiCo Inc. closed $16.42 short of its 52-week high ($177.62), which the company achieved on April 28th.
Despite its losses, the stock outperformed some of its competitors Thursday, as Nestle S.A. ADR (NESN.EB) fell 2.28% to $116.88, Coca-Cola Co. (KO) fell 1.96% to $60.00, and Unilever PLC ADR (ULVR.LN) fell 1.59% to $43.05.true Trading volume (6.4 M) eclipsed its 50-day average volume of 5.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 19, 2022.
(END) Dow Jones Newswires
May 19, 2022 17:14 ET (21:14 GMT)
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