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Shares of Starbucks Corp. (SBUX) rallied 2.77% to $74.49 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.99% to 4,057.84 and the Dow Jones Industrial Average rising 1.61% to 32,637.19. The stock's rise snapped a two-day losing streak. Starbucks Corp. closed $51.83 short of its 52-week high ($126.32), which the company reached on July 23rd.
The stock outperformed some of its competitors Thursday, as PepsiCo Inc. (PEP) rose 0.67% to $170.11, McDonald's Corp. (MCD) rose 1.67% to $248.09, and Yum! Brands Inc. (YUM) rose 2.38% to $117.76. Trading volume (8.9 M) remained 2.6 million below its 50-day average volume of 11.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 26, 2022.
(END) Dow Jones Newswires
May 26, 2022 17:20 ET (21:20 GMT)
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