McDonald's Corp. Stock Falls Wednesday, Underperforms Market
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Shares of McDonald's Corp. (MCD) slid 0.02% to $266.56 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.28% to 4,147.60 and the Dow Jones Industrial Average rising 0.11% to 34,128.05. The stock's fall snapped a three-day winning streak. McDonald's Corp. closed $15.11 short of its 52-week high ($281.67), which the company achieved on November 10th.
The stock underperformed when compared to some of its competitors Wednesday, as Starbucks Corp. (SBUX) rose 0.94% to $109.00, Chipotle Mexican Grill Inc. (CMG) rose 0.73% to $1,656.54, and Yum! Brands Inc. (YUM) rose 0.64% to $131.67. Trading volume (1.8 M) remained 854,833 below its 50-day average volume of 2.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 15, 2023.
(END) Dow Jones Newswires
February 15, 2023 17:09 ET (22:09 GMT)
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