Updated
Updated · MarketWatch · May 8McDonald's stock slides 2.80% in positive market session
7 articles · Updated · MarketWatch · May 8
- The shares closed at $275.75 on Friday, while the S&P 500 rose 0.84% to 7,398.93 and the Dow Jones Industrial Average edged up 0.02% to 49,609.16.
- It was McDonald's third straight daily loss and left the stock 19.31% below its 52-week high of $341.75 reached on 2 March.
- Among peers, Starbucks gained 0.64%, while Chipotle fell 2.34% and Yum Brands dropped 3.37%, leaving McDonald's performance mixed against competitors.
Amid a grim forecast, is McDonald's 210-million-user loyalty program the secret weapon to defy a downturn? McDonald's plans global expansion, but with U.S. margins failing, is its foundation cracking under pressure? With consumers demanding quality over price, can McDonald's new value menu succeed without damaging its brand?