PepsiCo Inc. Stock Falls Tuesday, Underperforms Market
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Shares of PepsiCo Inc. (PEP) slumped 0.71% to $182.59 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.01% to 33,852.53 and the S&P 500 Index falling 0.16% to 3,957.63. This was the stock's third consecutive day of losses. PepsiCo Inc. closed $4.03 below its 52-week high ($186.62), which the company reached on November 22nd.
The stock underperformed when compared to some of its competitors Tuesday, as Coca-Cola Co. (KO) fell 0.35% to $62.48, Starbucks Corp. (SBUX) remained unchanged, and Mondelez International Inc. Cl A (MDLZ) fell 0.15% to $66.05. Trading volume (4.4 M) remained 618,759 below its 50-day average volume of 5.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 29, 2022.
(END) Dow Jones Newswires
November 29, 2022 17:27 ET (22:27 GMT)
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