Shares of Starbucks Corp. SBUX, -0.53% slipped 0.03% to $114.68 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, 0.19% rising 1.63% to 4,709.85 and the Dow Jones Industrial Average DJIA, 0.63% rising 1.08% to 35,927.43. This was the stock’s third consecutive day of losses. Starbucks Corp. closed $11.64 below its 52-week high ($126.32), which the company reached on July 23rd.
The stock underperformed when compared to some of its competitors Wednesday, as PepsiCo Inc. PEP, 0.44% rose 1.29% to $171.57, McDonald’s Corp. MCD, 0.44% rose 0.76% to $264.52, and Yum! Brands Inc. YUM, 0.94% rose 0.33% to $132.42. Trading volume (6.9 M) remained 239,656 below its 50-day average volume of 7.1 M.