McDonald's Corp. Stock Rises Friday, Still Underperforms Market
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Shares of McDonald's Corp. (MCD) inched 0.56% higher to $269.07 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.61% to 4,045.64 and the Dow Jones Industrial Average rising 1.17% to 33,390.97. This was the stock's second consecutive day of gains. McDonald's Corp. closed $12.60 below its 52-week high ($281.67), which the company achieved on November 10th.
The stock underperformed when compared to some of its competitors Friday, as Starbucks Corp. (SBUX) rose 1.50% to $104.55, Chipotle Mexican Grill Inc. (CMG) rose 0.99% to $1,510.00, and Yum! Brands Inc. (YUM) rose 0.77% to $129.67. Trading volume (2.6 M) remained 1,443 below its 50-day average volume of 2.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 3, 2023.
(END) Dow Jones Newswires
March 03, 2023 17:10 ET (22:10 GMT)
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