Shares of McDonald’s Corp.
inched 0.30% higher to $232.61 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
rising 0.15% to 4,079.95 and the Dow Jones Industrial Average
rising 0.05% to 33,446.26. This was the stock’s fourth consecutive day of gains. McDonald’s Corp. hit a new 52-week high, surpassing its previous peak of $232.27, which the company achieved on April 6th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Starbucks Corp.
rose 0.04% to $113.19, Chipotle Mexican Grill Inc.
rose 0.84% to $1,500.02, and Yum! Brands Inc.
fell 0.03% to $114.05. Trading volume (2.5 M) remained 836,859 below its 50-day average volume of 3.4 M.