The Starbucks Corp. falls Monday and underperforms the market

Shares of Starbucks Corp. SBUX,
-1.51%
fell 1.51% to $ 101.81 Monday, on what turned out to be an all-round mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA,
+ 0.09%
an increase of 0.09% to 31,521.69 and the S&P 500 Index SPX,
-0.77%
decreased by 0.77% to 3,876.50. This was the stock’s second consecutive day of losses. Starbucks Corp. closed down $ 5.94 from its 52-week high ($ 107.75), which the company hit on Jan. 4.

The stock underperformed compared to some of its competitors on Monday, such as PepsiCo Inc. PEP,
-0.39%
fell 0.39% to $ 131.99, McDonald’s Corp. MCD,
-0.08%
fell 0.08% to $ 212.06, and Yum! Brands Inc. YUM,
-0.11%
decreased 0.11% to $ 105.01. The trade volume (5.2 million) remained 543,445 below the 50-day average volume of 5.7 million.

Editor’s Note: This story was automatically generated by Automated Insights using data from Dow Jones and FactSet. See our terms of use for market data.

Source