McDonald's Corp. Stock Falls Tuesday, Underperforms Market
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Shares of McDonald's Corp. (MCD) shed 0.20% to $270.21 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.30% to 4,002.87 and the Dow Jones Industrial Average rising 0.98% to 32,560.60. McDonald's Corp. closed $11.46 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 Tuesday, as Starbucks Corp. (SBUX) rose 0.69% to $100.54, Chipotle Mexican Grill Inc. (CMG) rose 1.10% to $1,627.96, and Yum! Brands Inc. (YUM) fell 0.26% to $128.55. 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 21, 2023.
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March 21, 2023 17:09 ET (21:09 GMT)
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