Keurig Dr Pepper stock rises 1.62% on strong trading day
Updated
Updated · MarketWatch · Apr 30
Keurig Dr Pepper stock rises 1.62% on strong trading day
10 articles · Updated · MarketWatch · Apr 30
The shares closed at $29.40 on Thursday, marking a third straight gain as the S&P 500 rose 1.02% and the Dow Jones climbed 1.62%.
Keurig Dr Pepper outperformed Coca-Cola, whose shares slipped 0.14%, but trailed PepsiCo's 2.06% rise; Starbucks fell 0.16%.
Despite the advance, the stock remains 18.19% below its 52-week high of $35.94 reached on 20 August, while trading volume of 10.5 million stayed below its 50-day average.
As younger consumers demand healthier drinks, can KDP's radical corporate shake-up capture the next generation's loyalty and wallets?
After a massive acquisition, KDP is splitting into two giants. Can this high-stakes gamble actually deliver the promised value to investors?