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Shares of Starbucks Corp. SBUX slipped 1.46% to $80.31 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 1.15% to 3,921.05 and Dow Jones Industrial Average DJIA falling 0.71% to 31,761.54. This was the stock's second consecutive day of losses. Starbucks Corp. closed $45.85 short of its 52-week high ($126.16), which the company achieved on July 27th.
The stock underperformed when compared to some of its competitors Tuesday, as PepsiCo Inc. PEP rose 1.17% to $171.83, McDonald's Corp. MCD rose 2.68% to $257.09, and Yum! Brands Inc. YUM rose 0.67% to $117.84. Trading volume (6.6 M) remained 2.2 million below its 50-day average volume of 8.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 26, 2022.
(END) Dow Jones Newswires
July 26, 2022 17:20 ET (21:20 GMT)
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