PepsiCo Inc. Stock Outperforms Market Despite Losses On The Day
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Shares of PepsiCo Inc. (PEP) slumped 0.78% to $175.13 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. This was the stock's second consecutive day of losses. PepsiCo Inc. closed $11.71 short of its 52-week high ($186.84), which the company reached on December 13th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Coca-Cola Co. (KO) fell 0.46% to $60.02, Starbucks Corp. (SBUX) fell 1.72% to $98.70, and Mondelez International Inc. Cl A (MDLZ) fell 0.81% to $66.40. Trading volume (8.8 M) eclipsed its 50-day average volume of 4.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 17, 2023.
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March 17, 2023 17:17 ET (21:17 GMT)
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