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Shares of Starbucks Corp. SBUX slipped 1.41% to $83.71 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 0.67% to 4,091.19 and Dow Jones Industrial Average DJIA falling 1.23% to 32,396.17. The stock's fall snapped a four-day winning streak. Starbucks Corp. closed $37.05 short of its 52-week high ($120.76), which the company achieved on September 10th.
The stock underperformed when compared to some of its competitors Tuesday, as PepsiCo Inc. PEP fell 0.83% to $175.49, McDonald's Corp. MCD fell 1.20% to $261.05, and Yum! Brands Inc. YUM fell 0.50% to $122.13. Trading volume (7.1 M) remained 921,734 below its 50-day average volume of 8.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 2, 2022.
(END) Dow Jones Newswires
August 02, 2022 17:20 ET (21:20 GMT)
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