Published on 6 May 2022 on Market Watch
Shares of PepsiCo Inc. shed 2.00% to $170.39 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 3.56% to 4,146.87 and Dow Jones Industrial Average falling 3.12% to 32,997.97. The stock's fall snapped a two-day winning streak. PepsiCo Inc. closed $7.23 below its 52-week high ($177.62), which the company achieved on April 28th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Nestle S.A. ADR fell 1.20% to $126.46, Coca-Cola Co. fell 0.80% to $64.51, and Unilever PLC ADR fell 2.35% to $44.82. Trading volume (6.5 M) eclipsed its 50-day average volume of 5.4 M.