PepsiCo Stock on Track for Worst Day Since October

PepsiCo Inc (NASDAQ:PEP) missed revenue estimates for the fourth quarter, amid higher borrowing costs and slowing demand for its products thanks to increasing prices. Though earnings beat expectations, PEP is down 2.9% to trade at $168.75 at last check. The security is today on track for its worst single-day percentage loss since October, and could mark its first weekly loss in three. The 180-day moving average lingers as a firm level of resistance, yesterday rejecting the stock's rally to the $174 mark. In ...