Starbucks Corp. Stock Rises Tuesday, Still Underperforms Market
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Shares of Starbucks Corp. (SBUX) inched 0.11% higher to $98.43 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 third consecutive day of gains. Starbucks Corp. closed $19.37 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 0.01% to $184.84, McDonald's Corp. (MCD) rose 0.09% to $274.76, and Yum! Brands Inc. (YUM) rose 0.74% to $124.94. Trading volume (5.4 M) remained 3.1 million below its 50-day average volume of 8.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 22, 2022.
(END) Dow Jones Newswires
November 22, 2022 17:21 ET (22:21 GMT)
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