McDonald's Corp. Stock Falls Thursday, Still Outperforms Market
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Shares of McDonald's Corp. (MCD) slipped 1.39% to $261.63 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.85% to 3,918.32 and Dow Jones Industrial Average falling 1.66% to 32,254.86. This was the stock's third consecutive day of losses. McDonald's Corp. closed $20.04 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) fell 2.15% to $100.30, Chipotle Mexican Grill Inc. (CMG) rose 1.18% to $1,551.10, and Yum! Brands Inc. (YUM) fell 0.58% to $126.05. Trading volume (2.3 M) remained 267,223 below its 50-day average volume of 2.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 9, 2023.
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March 09, 2023 17:10 ET (22:10 GMT)
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