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Shares of Starbucks Corp. (SBUX) slid 1.53% to $90.45 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.96% to 3,806.80 and the Dow Jones Industrial Average rising 1.31% to 32,827.00. The stock's fall snapped a two-day winning streak. Starbucks Corp. closed $27.35 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 0.80% to $180.21, McDonald's Corp. (MCD) rose 0.65% to $276.41, and Yum! Brands Inc. (YUM) rose 0.60% to $122.51. Trading volume (10.2 M) eclipsed its 50-day average volume of 8.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 7, 2022.
(END) Dow Jones Newswires
November 07, 2022 17:21 ET (22:21 GMT)
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