McDonald's Corp. Stock Outperforms Competitors Despite Losses On The Day
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Shares of McDonald's Corp. (MCD) dropped 0.67% to $265.33 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.14% to 3,992.01 and the Dow Jones Industrial Average falling 0.18% to 32,798.40. This was the stock's second consecutive day of losses. McDonald's Corp. closed $16.34 below 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 Wednesday, as Starbucks Corp. (SBUX) fell 0.81% to $102.50, Chipotle Mexican Grill Inc. (CMG) rose 1.55% to $1,533.06, and Yum! Brands Inc. (YUM) fell 0.11% to $126.78. Trading volume (2.1 M) remained 508,075 below its 50-day average volume of 2.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 8, 2023.
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March 08, 2023 17:09 ET (22:09 GMT)
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