Published on 24 Jun 2022 on Market Watch
Mondelez International Inc. Cl A stock rises Friday, still underperforms market
Shares of Mondelez International Inc. Cl A advanced 2.64% to $62.65 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 3.06% to 3,911.74 and the Dow Jones Industrial Average rising 2.68% to 31,500.68. This was the stock's fifth consecutive day of gains. Mondelez International Inc. Cl A closed $6.82 short of its 52-week high ($69.47), which the company reached on January 21st.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Nestle S.A. ADR rose 3.09% to $116.87, PepsiCo Inc. rose 1.24% to $166.13, and General Mills Inc. rose 2.39% to $70.63. Trading volume (6.6 M) remained 1.9 million below its 50-day average volume of 8.5 M.