Starbucks Corp. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains

Realty Income Corp

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Real Estate : Equity Real Estate Investment Trusts (REITs) | Large Cap Blend

Company profile

Realty Income Corporation is a real estate investment trust. The Company is engaged in acquiring and managing single-unit freestanding commercial properties under a long-term net lease agreement with its commercial clients. The Company owns and operates diversified portfolio of over 11,400 commercial properties. The Company’s properties are leased to over 1,100 different clients who operate in approximately 72 separate industries throughout all 50 states, as well as Puerto Rico, the United Kingdom and Spain. Its properties are leased to retail and industrial clients that have a service, non-discretionary and/or low-price-point component to their business. The Company’s property types include retail, industrial, and agriculture.

Starbucks Corp. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains

5:21 pm ET November 21, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Starbucks Corp. (SBUX) inched 0.38% higher to $98.32 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.39% to 3,949.94 and Dow Jones Industrial Average falling 0.13% to 33,700.28. This was the stock's second consecutive day of gains. Starbucks Corp. closed $19.48 short of its 52-week high ($117.80), which the company achieved on January 3rd.

The stock demonstrated a mixed performance when compared to some of its competitors Monday, as PepsiCo Inc. (PEP) rose 1.92% to $184.82, McDonald's Corp. (MCD) rose 0.42% to $274.52, and Yum! Brands Inc. (YUM) fell 0.47% to $124.02. Trading volume (4.5 M) remained 4.1 million below its 50-day average volume of 8.5 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 21, 2022.

(END) Dow Jones Newswires

November 21, 2022 17:21 ET (22:21 GMT)