Shares of McDonald’s Corp. MCD, -0.69% dropped 0.69% to $275.88 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +5.54% rising 5.54% to 3,956.37 and the Dow Jones Industrial Average DJIA, +3.70% rising 3.70% to 33,715.37. This was the stock’s second consecutive day of losses. McDonald’s Corp. closed $4.37 below its 52-week high ($280.25), which the company reached on November 9th.
The stock underperformed when compared to some of its competitors Thursday, as Starbucks Corp. SBUX, +5.05% rose 5.05% to $96.26, Chipotle Mexican Grill Inc. CMG, +6.91% rose 6.91% to $1,470.92, and Yum! Brands Inc. YUM, +1.70% rose 1.70% to $124.13. Trading volume (4.5 M) eclipsed its 50-day average volume of 3.0 M.