Starbucks Corp. share falls Friday, worse than the market

Published: March 17, 2023 at 5:21 PM ET

Shares in Starbucks Corp. SBUX fell 1.72% to $98.70 on Friday in what turned out to be an underwhelming trading session for the stock market, with the S&P 500 Index SPX down 1.10% to 3,916.64 and the Dow Jones Industrial Average DJIA falling 1.19% to 31,861.98. Starbucks Corp. closed $12.13 below the 52-week high ($110.83) reached by the company on Feb. 2.

The stock underperformed some of its peers on Friday as Coca-Cola Co. KO fell 0.46% to $60.02, PepsiCo Inc. PEP fell 0.78% to $175.13 and McDonald’s…

Shares in Starbucks Corp.

SEX

fell 1.72% to $98.70 on Friday in what turned out to be an underwhelming trading session for the stock market, with the S&P 500

SPX

down 1.10% to 3,916.64 and the Dow Jones Industrial Average

DJIA

falling 1.19% to 31,861.98. Starbucks Corp. closed $12.13 below the 52-week high ($110.83) reached by the company on Feb. 2.
The stock underperformed some of its peers on Friday as Coca-Cola Co.

IS

down 0.46% to $60.02, PepsiCo Inc.

PEP

fell 0.78% to $175.13, and McDonald’s Corp.

MCD

fell 1.25% to $267.20. Trading volume (10.2M) eclipsed its 50-day average volume of 6.3M.

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