PepsiCo Inc. Stock Rises Tuesday, Still Underperforms Market
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Shares of PepsiCo Inc. (PEP) inched 0.01% higher to $184.84 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.36% to 4,003.58 and the Dow Jones Industrial Average rising 1.18% to 34,098.10. This was the stock's sixth consecutive day of gains. PepsiCo Inc. closed $0.29 short of its 52-week high ($185.13), which the company reached on November 21st.
The stock underperformed when compared to some of its competitors Tuesday, as Nestle S.A. ADR (NESN.EB) rose 0.55% to $118.07, Coca-Cola Co. (KO) rose 0.43% to $62.35, and Unilever PLC ADR (ULVR.LN) rose 0.84% to $49.10. Trading volume (4.1 M) remained 1.2 million below its 50-day average volume of 5.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 22, 2022.
(END) Dow Jones Newswires
November 22, 2022 17:16 ET (22:16 GMT)
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