Shares of Coca-Cola Co. KO, -0.05% shed 1.39% to $58.81 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -1.06% falling 2.50% to 3,759.69 and Dow Jones Industrial Average DJIA, -0.46% falling 1.55% to 32,147.76. This was the stock’s third consecutive day of losses. Coca-Cola Co. closed $8.39 short of its 52-week high ($67.20), which the company reached on April 25th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Nestle S.A. ADR NSRGY, -1.41% fell 0.37% to $108.07, PepsiCo Inc. PEP, -0.26% fell 1.39% to $178.24, and Danone S.A. ADR DANOY, -0.45% fell 1.66% to $9.77. Trading volume (14.5 M) eclipsed its 50-day average volume of 14.4 M.