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Shares of Starbucks Corp. (SBUX) shed 1.62% to $87.52 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.67% to 3,695.16 and Dow Jones Industrial Average falling 0.33% to 30,423.81. The stock's fall snapped a two-day winning streak. Starbucks Corp. closed $30.28 below its 52-week high ($117.80), which the company reached on January 3rd.
The stock underperformed when compared to some of its competitors Wednesday, as PepsiCo Inc. (PEP) fell 0.97% to $173.36, McDonald's Corp. (MCD) rose 0.63% to $250.75, and Yum! Brands Inc. (YUM) fell 0.92% to $110.45. Trading volume (6.5 M) remained 829,161 below its 50-day average volume of 7.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 19, 2022.
(END) Dow Jones Newswires
October 19, 2022 17:22 ET (21:22 GMT)
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