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Shares of Starbucks Corp. SBUX inched 0.87% higher to $83.27 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.59% to 3,959.90 and the Dow Jones Industrial Average DJIA rising 0.15% to 31,874.84. This was the stock's sixth consecutive day of gains. Starbucks Corp. closed $43.05 short of its 52-week high ($126.32), which the company reached on July 23rd.
The stock outperformed some of its competitors Wednesday, as PepsiCo Inc. PEP fell 1.06% to $168.26, McDonald's Corp. MCD fell 0.75% to $254.58, and Yum! Brands Inc. YUM rose 0.75% to $120.81. Trading volume (6.8 M) remained 2.4 million below its 50-day average volume of 9.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 20, 2022.
(END) Dow Jones Newswires
July 20, 2022 17:19 ET (21:19 GMT)
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