PepsiCo Inc. Stock Falls Tuesday, Underperforms Market
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Shares of PepsiCo Inc. (PEP) slipped 1.35% to $173.53 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.30% to 3,970.15 and Dow Jones Industrial Average falling 0.71% to 32,656.70. This was the stock's third consecutive day of losses. PepsiCo Inc. closed $13.31 below its 52-week high ($186.84), which the company reached on December 13th.
The stock underperformed when compared to some of its competitors Tuesday, as Coca-Cola Co. (KO) fell 0.52% to $59.51, Starbucks Corp. (SBUX) fell 0.34% to $102.09, and Mondelez International Inc. Cl A (MDLZ) fell 0.70% to $65.18. Trading volume (4.3 M) remained 512,687 below its 50-day average volume of 4.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 28, 2023.
(END) Dow Jones Newswires
February 28, 2023 17:20 ET (22:20 GMT)
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