Shares of Starbucks Corp. SBUX inched 0.29% higher to $87.66 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.23% to 4,411.67 and the Dow Jones Industrial Average DJIA rising 1.23% to 34,480.76. This was the stock’s third consecutive day of gains. Starbucks Corp. closed $38.66 short of its 52-week high ($126.32), which the company achieved on July 23rd.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as PepsiCo Inc. PEP rose 0.78% to $160.94, McDonald’s Corp. MCD fell 0.28% to $237.47, and Yum! Brands Inc. YUM fell 0.43% to $119.03. Trading volume (8.5 M) remained 1.8 million below its 50-day average volume of 10.3 M.