Shares of Starbucks Corp. SBUX, -0.70% shed 0.70% to $104.26 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.76% falling 0.76% to 3,898.85 and Dow Jones Industrial Average DJIA, -0.76% falling 0.76% to 33,044.56. This was the stock’s third consecutive day of losses. Starbucks Corp. closed $3.34 short of its 52-week high ($107.60), which the company reached on January 17th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Coca-Cola Co. KO, -0.15% fell 0.15% to $59.72, PepsiCo Inc. PEP, -1.16% fell 1.16% to $169.63, and McDonald’s Corp. MCD, -0.92% fell 0.92% to $263.58. Trading volume (5.1 M) remained 1.8 million below its 50-day average volume of 6.9 M.