Starbucks Corp. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Starbucks Corp. (SBUX) sank 0.83% to $86.79 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.80% to 3,665.78 and Dow Jones Industrial Average falling 0.30% to 30,333.59. This was the stock's second consecutive day of losses. Starbucks Corp. closed $31.01 below its 52-week high ($117.80), which the company achieved on January 3rd.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as PepsiCo Inc. (PEP) fell 1.10% to $171.46, McDonald's Corp. (MCD) fell 0.39% to $249.77, and Yum! Brands Inc. (YUM) fell 0.72% to $109.66. Trading volume (4.5 M) remained 2.8 million below its 50-day average volume of 7.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 20, 2022.
(END) Dow Jones Newswires
October 20, 2022 17:21 ET (21:21 GMT)
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