PepsiCo Stock Pivots Lower Despite Quarterly Win

PepsiCo Inc (NASDAQ:PEP) stock is brushing off better-than-expected first-quarter earnings and revenue, last seen down 3.3% at $170.58. Despite seeing a slowdown in demand for its sodas and snacks in the United States due to high inflation, international markets drove growth.Shares are taking a breather after hitting their highest level since September last session, which came after a bounce off the $166 level earlier this month. The security is today looking to snap a five-day win streak, and has shed 8% i ...