McDonald's Corp. Stock Outperforms Market Despite Losses On The Day
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Shares of McDonald's Corp. (MCD) shed 1.30% to $267.13 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.53% to 3,986.37 and Dow Jones Industrial Average falling 1.72% to 32,856.46. The stock's fall snapped a three-day winning streak. McDonald's Corp. closed $14.54 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 Tuesday, as Starbucks Corp. (SBUX) fell 1.57% to $103.34, Chipotle Mexican Grill Inc. (CMG) rose 0.30% to $1,509.68, and Yum! Brands Inc. (YUM) fell 1.84% to $126.92. Trading volume (2.8 M) eclipsed its 50-day average volume of 2.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 7, 2023.
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March 07, 2023 17:09 ET (22:09 GMT)
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