McDonald's Corp. Stock Rises Thursday, Outperforms Market
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Shares of McDonald's Corp. (MCD) rallied 1.85% to $267.57 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.76% to 3,981.35 and the Dow Jones Industrial Average rising 1.05% to 33,003.57. The stock's rise snapped a two-day losing streak. McDonald's Corp. closed $14.10 short of its 52-week high ($281.67), which the company reached on November 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Starbucks Corp. (SBUX) rose 1.56% to $103.01, Chipotle Mexican Grill Inc. (CMG) rose 0.71% to $1,495.27, and Yum! Brands Inc. (YUM) rose 1.97% to $128.68. Trading volume (2.4 M) remained 263,951 below its 50-day average volume of 2.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 2, 2023.
(END) Dow Jones Newswires
March 02, 2023 17:08 ET (22:08 GMT)
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