PepsiCo (PEP) Stock Plunges 7.03% in Three Days on Earnings Miss, Tariff Concerns
1min read PepsiCo's (PEP) stock price fell 1.43% today, marking its third consecutive day of decline, with a total drop of 7.03% over the past three days. The share price hit its lowest level since March 2021, experiencing an intraday decline of 2.59%.
PepsiCo's recent stock price decline can be attributed to several key factors. The company reported mixed results for its first-quarter earnings, which contributed to the drop in share price. Additionally, pepsico lowered its full-year profit outlook, citing the impact of tariffs, which further pressured the stock. Following the disappointing earnings announcement, PepsiCo's stock hit a new 52-week low, reflecting investor concerns over the company's financial performance and future prospects.
The market reaction to PepsiCo's earnings report was swift and negative, with investors expressing disappointment over the company's guidance cut and the impact of tariffs on its profitability. The recent stock performance has been particularly challenging, with PepsiCo's stock declining over the past month and experiencing a significant loss in value over the last year. These factors combined have led to the downward movement in PepsiCo's stock price, as investors reassess the company's outlook and potential for future growth.
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