PepsiCo Inc. Stock Rises Tuesday, Still Underperforms Market
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Shares of PepsiCo Inc. (PEP) inched 0.24% higher to $178.01 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. This was the stock's second consecutive day of gains. PepsiCo Inc. closed $8.83 short of its 52-week high ($186.84), which the company achieved on December 13th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Coca-Cola Co. (KO) fell 0.46% to $60.32, Starbucks Corp. (SBUX) rose 0.69% to $100.54, and Mondelez International Inc. Cl A (MDLZ) rose 0.15% to $67.83. Trading volume (3.8 M) remained 1.1 million below its 50-day average volume of 4.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 21, 2023.
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March 21, 2023 17:17 ET (21:17 GMT)
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