Starbucks Corp. Stock Rises Thursday, Still Underperforms Market
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Shares of Starbucks Corp. (SBUX) rallied 5.05% to $96.26 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 5.54% to 3,956.37 and the Dow Jones Industrial Average rising 3.70% to 33,715.37. Starbucks Corp. closed $21.54 short of its 52-week high ($117.80), which the company reached on January 3rd.
The stock outperformed some of its competitors Thursday, as PepsiCo Inc. (PEP) rose 1.76% to $181.70, McDonald's Corp. (MCD) fell 0.69% to $275.88, and Yum! Brands Inc. (YUM) rose 1.70% to $124.13. Trading volume (10.4 M) eclipsed its 50-day average volume of 8.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 10, 2022.
(END) Dow Jones Newswires
November 10, 2022 17:21 ET (22:21 GMT)
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