PepsiCo Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of PepsiCo Inc. (PEP) slid 1.27% to $171.33 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 fourth consecutive day of losses. PepsiCo Inc. closed $15.51 below 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 Wednesday, as Coca-Cola Co. (KO) fell 1.09% to $58.86, Starbucks Corp. (SBUX) fell 0.65% to $101.43, and Mondelez International Inc. Cl A (MDLZ) fell 1.52% to $64.19. Trading volume (5.3 M) eclipsed its 50-day average volume of 4.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 1, 2023.
(END) Dow Jones Newswires
March 01, 2023 17:17 ET (22:17 GMT)
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