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Shares of Starbucks Corp. (SBUX) slid 5.47% to $83.76 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.19% to 3,797.34 and the Dow Jones Industrial Average rising 1.34% to 31,499.62. Starbucks Corp. closed $34.04 short of its 52-week high ($117.80), which the company achieved on January 3rd.
The stock underperformed when compared to some of its competitors Monday, as PepsiCo Inc. (PEP) rose 2.67% to $177.68, McDonald's Corp. (MCD) rose 0.30% to $255.32, and Yum! Brands Inc. (YUM) fell 2.04% to $108.77. Trading volume (16.5 M) eclipsed its 50-day average volume of 7.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 24, 2022.
(END) Dow Jones Newswires
October 24, 2022 17:22 ET (21:22 GMT)
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