Starbucks Corp. Stock Outperforms Market On Strong Trading Day
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Shares of Starbucks Corp. (SBUX) rose 1.14% to $103.37 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.09% to 4,076.57 and Dow Jones Industrial Average falling 0.56% to 34,395.01. This was the stock's second consecutive day of gains. Starbucks Corp. closed $14.43 short of its 52-week high ($117.80), which the company reached on January 3rd.
The stock outperformed some of its competitors Thursday, as Coca-Cola Co. (KO) rose 0.28% to $63.79, PepsiCo Inc. (PEP) rose 0.84% to $185.90, and McDonald's Corp. (MCD) rose 0.22% to $273.40. Trading volume (7.4 M) remained 257,927 below its 50-day average volume of 7.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 1, 2022.
(END) Dow Jones Newswires
December 01, 2022 17:34 ET (22:34 GMT)
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