Shares of Kraft Heinz Co. KHC, -0.08% slumped 0.08% to $38.11 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -0.70% falling 0.70% to 3,891.93 and Dow Jones Industrial Average DJIA, -0.87% falling 0.87% to 31,874.57. The stock’s fall snapped a three-day winning streak. Kraft Heinz Co. closed $6.76 short of its 52-week high ($44.87), which the company achieved on May 10th.
The stock underperformed when compared to some of its competitors Wednesday, as Coca-Cola Co. KO, +0.67% rose 0.67% to $60.43, PepsiCo Inc. PEP, +1.79% rose 1.79% to $176.63, and Mondelez International Inc. Cl A MDLZ, +0.17% rose 0.17% to $66.40. Trading volume (6.0 M) remained 954,137 below its 50-day average volume of 6.9 M.