DJ PepsiCo Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of PepsiCo Inc. $(PEP)$ advanced 1.14% to $168.17 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 2.31% to 5,427.13 and Dow Jones Industrial Average falling 1.25% to 39,853.87.
The stock's rise snapped a three-day losing streak.
PepsiCo Inc. closed $24.21 below its 52-week high ($192.38), which the company reached on July 26th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Coca-Cola Co. $(KO)$ rose 1.31% to $65.81, Starbucks Corp. $(SBUX)$ fell 2.07% to $74.68, and Mondelez International Inc. Cl A $(MDLZ)$ rose 0.59% to $66.40.
Trading volume (5.8 M) eclipsed its 50-day average volume of 5.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 24, 2024.
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(END) Dow Jones Newswires
July 24, 2024 16:35 ET (20:35 GMT)
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