Starbucks Corp. Stock Rises Friday, Still Underperforms Market
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Shares of Starbucks Corp. (SBUX) rallied 2.10% to $88.61 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 2.37% to 3,752.75 and the Dow Jones Industrial Average rising 2.47% to 31,082.56. The stock's rise snapped a two-day losing streak. Starbucks Corp. closed $29.19 short of its 52-week high ($117.80), which the company achieved on January 3rd.
The stock outperformed some of its competitors Friday, as PepsiCo Inc. (PEP) rose 0.93% to $173.06, McDonald's Corp. (MCD) rose 1.91% to $254.55, and Yum! Brands Inc. (YUM) rose 1.25% to $111.03. Trading volume (9.1 M) eclipsed its 50-day average volume of 7.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 21, 2022.
(END) Dow Jones Newswires
October 21, 2022 17:22 ET (21:22 GMT)
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