Starbucks shares fall, ending three-day rally amid positive market trends

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Starbucks shares fall, ending three-day rally amid positive market trends
Credit: © Reuters.

Starbucks Corp (NASDAQ: SBUX ). shares experienced a minor downturn on Tuesday, ending a three-day winning streak. The company's stock fell by 0.34% to $103.68, despite a generally positive market day where the S&P 500 Index and Dow Jones Industrial Average rose by 0.28% and 0.17%, respectively.

The coffee giant's stock ended the day at $11.80 below its yearly high of $115.48, which was reached on May 1st. This performance was lackluster compared to competitors Coca-Cola (NYSE: KO ) Co., and PepsiCo (NASDAQ: PEP ) Inc., which saw increases of 0.37% and 0.29% respectively on Tuesday. Meanwhile, McDonald's Corp (NYSE: MCD ) experienced a slight drop of 0.09%.

In terms of trading volume, Starbucks recorded 6.2 million shares, falling short of its usual 50-day average of 6.5 million shares.

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