Shares of PepsiCo Inc. PEP, -0.30% shed 0.30% to $157.40 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +2.57% rising 2.57% to 4,277.88 and the Dow Jones Industrial Average DJIA, +1.15% rising 2.00% to 33,286.25. This was the stock’s third consecutive day of losses. PepsiCo Inc. closed $19.84 below its 52-week high ($177.24), which the company achieved on January 21st.
The stock underperformed when compared to some of its competitors Wednesday, as Nestle S.A. ADR NSRGY, +4.80% rose 4.80% to $124.88, Coca-Cola Co. KO, +0.51% rose 0.51% to $58.96, and Unilever PLC ADR UL, +3.91% rose 3.91% to $45.42. Trading volume (5.8 M) eclipsed its 50-day average volume of 5.6 M.