Starbucks Corp. Stock Falls Thursday, Still Outperforms Market
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Shares of Starbucks Corp. (SBUX) slumped 0.10% to $96.97 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.31% to 3,946.56 and Dow Jones Industrial Average falling 0.02% to 33,546.32. This was the stock's second consecutive day of losses. Starbucks Corp. closed $20.83 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 Thursday, as PepsiCo Inc. (PEP) rose 0.95% to $180.03, McDonald's Corp. (MCD) rose 0.31% to $273.36, and Yum! Brands Inc. (YUM) fell 0.96% to $122.77. Trading volume (5.2 M) remained 3.4 million below its 50-day average volume of 8.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 17, 2022.
(END) Dow Jones Newswires
November 17, 2022 17:22 ET (22:22 GMT)
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