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Shares of Starbucks Corp. (SBUX) inched 0.04% higher to $73.42 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.86% to 3,973.75 and the Dow Jones Industrial Average rising 1.98% to 31,880.24. This was the stock's third consecutive day of gains. Starbucks Corp. closed $52.90 below its 52-week high ($126.32), which the company achieved on July 23rd.
The stock underperformed when compared to some of its competitors Monday, as PepsiCo Inc. (PEP) rose 2.09% to $165.60, McDonald's Corp. (MCD) rose 1.75% to $238.00, and Yum! Brands Inc. (YUM) rose 1.70% to $113.82. Trading volume (10.7 M) remained 1.1 million below its 50-day average volume of 11.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 23, 2022.
(END) Dow Jones Newswires
May 23, 2022 17:19 ET (21:19 GMT)
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