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Shares of Starbucks Corp. (SBUX) slumped 0.90% to $98.66 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.54% to 3,963.94 and Dow Jones Industrial Average falling 1.45% to 33,849.46. The stock's fall snapped a five-day winning streak. Starbucks Corp. closed $19.14 short of its 52-week high ($117.80), which the company reached on January 3rd.
The stock underperformed when compared to some of its competitors Monday, as Coca-Cola Co. (KO) rose 0.02% to $62.70, PepsiCo Inc. (PEP) fell 0.12% to $183.89, and McDonald's Corp. (MCD) fell 0.77% to $272.88. Trading volume (5.3 M) remained 2.4 million below its 50-day average volume of 7.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 28, 2022.
(END) Dow Jones Newswires
November 28, 2022 17:34 ET (22:34 GMT)
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