PepsiCo Inc. Stock Falls Thursday, Underperforms Market
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Shares of PepsiCo Inc. (PEP) slipped 0.49% to $175.65 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.30% to 3,948.72 and the Dow Jones Industrial Average rising 0.23% to 32,105.25. This was the stock's second consecutive day of losses. PepsiCo Inc. closed $11.19 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 Thursday, as Coca-Cola Co. (KO) fell 0.22% to $59.92, Starbucks Corp. (SBUX) fell 0.71% to $98.42, and Mondelez International Inc. Cl A (MDLZ) fell 0.24% to $67.20. Trading volume (4.7 M) remained 312,140 below its 50-day average volume of 5.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 23, 2023.
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March 23, 2023 17:18 ET (21:18 GMT)
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