PepsiCo Inc. Stock Outperforms Market Despite Losses On The Day
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Shares of PepsiCo Inc. (PEP) sank 0.84% to $176.51 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.65% to 3,936.97 and Dow Jones Industrial Average falling 1.63% to 32,030.11. The stock's fall snapped a two-day winning streak. PepsiCo Inc. closed $10.33 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 Wednesday, as Coca-Cola Co. (KO) fell 0.45% to $60.05, Starbucks Corp. (SBUX) fell 1.41% to $99.12, and Mondelez International Inc. Cl A (MDLZ) fell 0.69% to $67.36. Trading volume (4.4 M) remained 566,513 below its 50-day average volume of 4.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 22, 2023.
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March 22, 2023 17:17 ET (21:17 GMT)
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