McDonald's Corp. Stock Outperforms Market On Strong Trading Day
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Shares of McDonald's Corp. (MCD) inched 0.17% higher to $266.34 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.70% to 3,891.93 and Dow Jones Industrial Average falling 0.87% to 31,874.57. This was the stock's fourth consecutive day of gains. McDonald's Corp. closed $15.33 below 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 Wednesday, as Starbucks Corp. (SBUX) fell 0.12% to $99.34, Chipotle Mexican Grill Inc. (CMG) rose 0.01% to $1,590.87, and Yum! Brands Inc. (YUM) rose 0.34% to $127.13. Trading volume (3.4 M) eclipsed its 50-day average volume of 2.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 15, 2023.
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March 15, 2023 17:09 ET (21:09 GMT)
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