McDonald's Corp. Stock Outperforms Competitors Despite Losses On The Day
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Shares of McDonald's Corp. (MCD) shed 1.25% to $267.20 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.10% to 3,916.64 and Dow Jones Industrial Average falling 1.19% to 31,861.98. The stock's fall snapped a five-day winning streak. McDonald's Corp. closed $14.47 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 Friday, as Starbucks Corp. (SBUX) fell 1.72% to $98.70, Chipotle Mexican Grill Inc. (CMG) fell 1.00% to $1,608.84, and Yum! Brands Inc. (YUM) fell 0.94% to $126.85. Trading volume (5.0 M) eclipsed its 50-day average volume of 2.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 17, 2023.
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March 17, 2023 17:09 ET (21:09 GMT)
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