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Compared to some of its industry peers, Starbucks’ performance was notably below par on Thursday. Shares of Coca-Cola (NYSE:KO) Co. decreased by 1.54% to close at $57.54, PepsiCo (NASDAQ:PEP) Inc.’s shares fell by 1.68% to finish at $175.38, while McDonald’s Corp (NYSE:MCD).’s shares also dropped by 2.16%, closing at $271.22.
The trading session saw an unusually high volume for Starbucks’ shares, with 6.1 million traded compared to the 50-day average trading volume of 5.9 million.
Looking at the yearly performance, Starbucks’ shares are currently trading $22.38 below their 52-week high of $115.48, achieved on May 1st, 2023.
This report is based on data provided by Dow Jones and FactSet and has been processed using automation technology.
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