DJ Starbucks Corp. Stock Underperforms Thursday When Compared To Competitors
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Shares of Starbucks Corp. $(SBUX)$ slipped 1.82% to $73.32 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.20% to 39,935.07 and the S&P 500 Index falling 0.51% to 5,399.22.
This was the stock's fourth consecutive day of losses.
Starbucks Corp. closed $34.34 below its 52-week high ($107.66), which the company reached on November 16th.
The stock underperformed when compared to some of its competitors Thursday, as Coca-Cola Co. $(KO)$ rose 0.40% to $66.07, PepsiCo Inc. $(PEP)$ rose 1.69% to $171.02, and McDonald's Corp. $(MCD)$ fell 0.75% to $251.46.
Trading volume (18.0 M) eclipsed its 50-day average volume of 11.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 25, 2024.
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(END) Dow Jones Newswires
July 25, 2024 16:45 ET (20:45 GMT)
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