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Shares of Starbucks Corp. (SBUX) slumped 0.33% to $72.48 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.95% to 3,978.73 and the Dow Jones Industrial Average rising 0.60% to 32,120.28. This was the stock's second consecutive day of losses. Starbucks Corp. closed $53.84 below its 52-week high ($126.32), which the company achieved on July 23rd.
The stock underperformed when compared to some of its competitors Wednesday, as PepsiCo Inc. (PEP) rose 0.69% to $168.97, McDonald's Corp. (MCD) fell 0.21% to $244.01, and Yum! Brands Inc. (YUM) rose 1.33% to $115.59. Trading volume (8.3 M) remained 3.3 million below its 50-day average volume of 11.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 25, 2022.
(END) Dow Jones Newswires
May 25, 2022 17:19 ET (21:19 GMT)
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