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131.92
0.96%
1.25
After Hours:
131.90
-0.02
-0.02%
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Why is Pepsico Inc (PEP) Stock down?
We've noticed a 5.06% decline in Pepsico Inc (PEP) stock during the 2025-04-24 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
05 Oct, 2023:
Shares of Pepsico, Inc. (PEP) dropped by 5.22% from $168.91 to $160.10 in the trading on Thursday October 5, 2023. The reasons why stock PEP is down today is due to concerns that weight-loss drugs like Ozempic and Wegovy are causing consumers to buy fewer groceries and consume fewer calories. Walmart's CEO mentioned a slight pullback in overall purchases linked to these drugs. This indicates an impact on the packaged food and beverage industry. While this news led to a soft drink industry sell-off, it's wise for investors to monitor the situation rather than make hasty decisions based on the current uncertainty.
0.20%
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