Starbucks Corp. Stock Rises Tuesday, Still Underperforms Market
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Shares of Starbucks Corp. (SBUX) inched 0.42% higher to $97.83 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.87% to 3,991.73 and the Dow Jones Industrial Average rising 0.17% to 33,592.92. This was the stock's fourth consecutive day of gains. Starbucks Corp. closed $19.97 below its 52-week high ($117.80), which the company reached on January 3rd.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as PepsiCo Inc. (PEP) rose 0.26% to $177.19, McDonald's Corp. (MCD) fell 1.63% to $267.84, and Yum! Brands Inc. (YUM) rose 0.58% to $123.31. Trading volume (6.4 M) remained 2.4 million below its 50-day average volume of 8.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 15, 2022.
(END) Dow Jones Newswires
November 15, 2022 17:21 ET (22:21 GMT)
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