McDonald's Corp. Stock Outperforms Competitors Despite Losses On The Day
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Shares of McDonald's Corp. (MCD) shed 0.45% to $262.72 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.02% to 32,661.84 and the S&P 500 Index falling 0.47% to 3,951.39. This was the stock's second consecutive day of losses. McDonald's Corp. closed $18.95 short of its 52-week high ($281.67), which the company achieved on November 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Starbucks Corp. (SBUX) fell 0.65% to $101.43, Chipotle Mexican Grill Inc. (CMG) fell 0.42% to $1,484.77, and Yum! Brands Inc. (YUM) fell 0.75% to $126.20. Trading volume (2.1 M) remained 607,118 below its 50-day average volume of 2.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 1, 2023.
(END) Dow Jones Newswires
March 01, 2023 17:09 ET (22:09 GMT)
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