PepsiCo Inc. Stock Falls Monday, Underperforms Market
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Shares of PepsiCo Inc. (PEP) dropped 0.03% to $175.91 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.31% to 3,982.24 and the Dow Jones Industrial Average rising 0.22% to 32,889.09. This was the stock's second consecutive day of losses. PepsiCo Inc. closed $10.93 short of its 52-week high ($186.84), which the company achieved on December 13th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Coca-Cola Co. (KO) fell 0.03% to $59.82, Starbucks Corp. (SBUX) rose 0.83% to $102.44, and Mondelez International Inc. Cl A (MDLZ) rose 0.14% to $65.64. Trading volume (3.2 M) remained 1.7 million below its 50-day average volume of 4.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 27, 2023.
(END) Dow Jones Newswires
February 27, 2023 17:17 ET (22:17 GMT)
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