Kraft Heinz stock rises 2.35% and outperforms competitors
Updated
Updated · MarketWatch · May 6
Kraft Heinz stock rises 2.35% and outperforms competitors
13 articles · Updated · MarketWatch · May 6
Shares closed at $23.07 on Wednesday, extending gains for a second straight session as the S&P 500 rose 1.46% and the Dow added 1.24%.
Kraft Heinz beat peer gains from Coca-Cola, PepsiCo and Mondelez, while trading volume reached 26.3 million shares, well above its 50-day average of 15.2 million.
Despite the advance, the stock remains 20.97% below its 52-week high of $29.19, reached on 30 July.
Can Kraft Heinz's big bet on AI and technology truly reverse its decade-long stock decline?
How will Kraft Heinz's portfolio change to survive the $55 billion threat from weight-loss drugs?