Mondelez extended its five-day winning streak after adding 0.54% and closing at $66.67 Wednesday

Published: November 25 2022, 08:45 GMT+0

Mondelez extended its five-day winning streak after adding 0.54% and closing at $66.67 Wednesday

The US stock market is closed for the Thanksgiving holiday and resumes today. Meanwhile, here is a recap of Wednesday: pronounced bullish sentiment in the market helped the snack foods and beverages manufacturer to make a notable 0.54% gain Wednesday, rising 36 cents and ultimately closing at $66.67.

  • Wednesday's trading volume was 3.24 million shares which is lower than the 21-day average of 6.50 million.

The US stock market is set to reconvene later today following Thanksgiving in 5 hours time. A 0.99% increase for Nasdaq, having closed at 11,300. S&P 500 climbed to 4,027.26 (a 0.59% change). Mondelez's gains were in line with the Consumer Defensive sector which was up 0.859% as a whole.

Having set a significant high of $68.36 a month ago, the Oreo and Toblerone snack food company is trading 20.94% lower. The Nasdaq has been doing worse in 2022, it has been passing it by 41.77%. The company has a market cap of $91 billion with an average daily trading volume of 6.50 million shares. Mondelez last reported revenue of $7.76 billion with an EPS of 74 cents.

This rally in Mondelez's share price coincided with other consumer staples stocks as Diageo was up 1.57%. Philip Morris International traded at $98.11 after closing Wednesday's trading day at $97.16 (up 0.98%). Unilever was up 0.88%.

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