Shares of PepsiCo Inc. PEP, -0.23% shed 0.23% to $171.16 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -1.11% falling 1.11% to 4,117.86 and Dow Jones Industrial Average DJIA, -0.61% falling 0.61% to 33,949.01. This was the stock’s second consecutive day of losses. PepsiCo Inc. closed $15.68 below its 52-week high ($186.84), which the company achieved on December 13th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as Coca-Cola Co. KO, -0.58% fell 0.58% to $59.72, Starbucks Corp. SBUX, -0.49% fell 0.49% to $106.30, and Mondelez International Inc. Cl A MDLZ, -0.45% fell 0.45% to $64.79.true Trading volume (5.7 M) eclipsed its 50-day average volume of 4.7 M.