PepsiCo Inc. Stock Outperforms Market On Strong Trading Day
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Shares of PepsiCo Inc. (PEP) advanced 1.85% to $173.32 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 four-day losing streak. PepsiCo Inc. closed $13.52 short of its 52-week high ($186.84), which the company reached on December 13th.
The stock outperformed some of its competitors Thursday, as Coca-Cola Co. (KO) rose 1.46% to $59.72, Starbucks Corp. (SBUX) rose 1.56% to $103.01, and Mondelez International Inc. Cl A (MDLZ) rose 1.82% to $65.36. Trading volume (4.5 M) remained 317,569 below its 50-day average volume of 4.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 2, 2023.
(END) Dow Jones Newswires
March 02, 2023 17:17 ET (22:17 GMT)
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