PepsiCo Stock (PEP) Drops After the Close on Dec. 23, 2025 — After-Hours Check, Elliott Turnaround Plan, and What to Watch Before the Dec. 24 Open
NEW YORK — Dec. 23, 2025 (After Market Close) — PepsiCo, Inc. (NASDAQ: PEP) ended Tuesday in the red even as the broader market pushed higher, a reminder that investors are still sorting out what PepsiCo’s activist-influenced “value + productivity” reset means for 2026—and how much near-term uncertainty to price in before the next earnings update. PEP finished the regular session at $143.68, down 2.29%, lagging a risk-on day in U.S. equities that saw the S&P 500 rise and hover near record territory. MarketWatch In after-hours trading, shares were essentially flat near $143.70 shortly after the closing bell—suggesting no major