McDonalds – Yum! Brands Inc. stock falls Friday, underperforms market
Shares of Yum! Brands Inc.
shed 1.88% to $114.64 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index
falling 1.31% to 4,166.45 and Dow Jones Industrial Average
falling 1.58% to 33,290.08. This was the stock’s third consecutive day of losses. Yum! Brands Inc. closed $8.09 below its 52-week high ($122.73), which the company achieved on May 10th.
The stock underperformed when compared to some of its competitors Friday, as McDonald’s Corp.
fell 1.82% to $229.62, Starbucks Corp.
fell 1.52% to $109.70, and Chipotle Mexican Grill Inc.
rose 0.39% to $1,399.63. Trading volume (3.9 M) eclipsed its 50-day average volume of 1.5 M.