Shares of Starbucks Corp. SBUX, +1.59% rallied 1.59% to $111.41 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.06% rising 1.06% to 4,159.12 and the Dow Jones Industrial Average DJIA, +0.55% rising 0.55% to 34,084.15. Starbucks Corp. closed $7.57 below its 52-week high ($118.98), which the company reached on April 19th.
The stock outperformed some of its competitors Thursday, as PepsiCo Inc. PEP, +1.24% rose 1.24% to $147.23, McDonald’s Corp. MCD, +0.88% rose 0.88% to $232.18, and Yum! Brands Inc. YUM, +1.04% rose 1.04% to $119.94. Trading volume (5.3 M) remained 1.0 million below its 50-day average volume of 6.4 M.