McDonald's Corp. Stock Rises Thursday, Still Underperforms Market
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Shares of McDonald's Corp. (MCD) advanced 1.59% to $270.57 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.76% to 3,960.28 and the Dow Jones Industrial Average rising 1.17% to 32,246.55. This was the stock's fifth consecutive day of gains. McDonald's Corp. closed $11.10 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 Thursday, as Starbucks Corp. (SBUX) rose 1.10% to $100.43, Chipotle Mexican Grill Inc. (CMG) rose 2.15% to $1,625.14, and Yum! Brands Inc. (YUM) rose 0.73% to $128.06. Trading volume (3.1 M) eclipsed its 50-day average volume of 2.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 16, 2023.
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March 16, 2023 17:09 ET (21:09 GMT)
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