Chief Executive Officer Wat Joey sale 12,018 shares of Yum China Holdings Inc. [YUMC]


Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Yum China Holdings Inc. shares valued at $745,374 were sold by Wat Joey on Feb 22. At $62.02 per share, Wat Joey sold 12,018 shares. The insider’s holdings dropped to 261,905 shares worth approximately $15.86 million following the completion of this transaction.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".


Also, Huang Johnson sold 6,317 shares, netting a total of over 347,435 in proceeds. Following the sale of shares at $55.00 each, the insider now holds 45,698 shares.

Before that, Yuen Aiken had sold 2,298 shares from its account. In a trade valued at $121,334, the Chief People Officer traded Yum China Holdings Inc. shares for $52.80 each. Upon closing the transaction, the insider’s holdings decreased to 2,298 shares, worth approximately $0.52 million.

As published in a research note from Jefferies on February 01, 2023, Yum China Holdings Inc. [YUMC] has been rated down from a Buy to a Hold. Analysts at Macquarie downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in mid September. As of April 06, 2021, Atlantic Equities has initiated its “an Overweight” rating for YUMC. Earlier on October 29, 2020, Credit Suisse initiated its rating. Their recommendation was “an Outperform” for YUMC stock.

Analyzing YUMC Stock Performance

On Wednesday, Yum China Holdings Inc. [NYSE: YUMC] rose 3.08% to $60.54. The stock’s lowest price that day was $60.33, but it reached a high of $61.3051 in the same session. During the last five days, there has been a drop of approximately -1.69%. Over the course of the year, Yum China Holdings Inc. shares have jumped approximately 10.78%. Shares of the company reached a 52-week high of $63.06 on 02/01/23 and a 52-week low of $55.30 on 01/03/23. A 50-day SMA is recorded $59.09, while a 200-day SMA reached $50.45. Nevertheless, trading volume fell to 1.78 million shares from 1.17 million shares the previous day.

Support And Resistance Levels for Yum China Holdings Inc. (YUMC)

According to the 24-hour chart, there is a support level at 60.14, which, if violated, would cause prices to drop to 59.75. In the upper region, resistance lies at 61.12. The next price resistance is at 61.70. RSI (Relative Strength Index) is 52.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.87, which suggests the price will decrease in the coming days. Percent R is at 40.12%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Yum China Holdings Inc. subject to short interest?

Stocks of Yum China Holdings Inc. saw a sharp steep in short interest on Jan 30, 2023 dropping by -1.78 million shares to 8.42 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 10.2 million shares. A decline of -21.14% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.58 of the overall float, the days-to-cover ratio (short ratio) decline to 4.58.

Which companies own the most shares of Yum China Holdings Inc. (YUMC)?

According to Invesco Advisers, Inc. filings, the company currently owns 38,042,323 shares, which is about 9.09% of the total YUMC shares outstanding. The investor’s shares have plunged by -1,049,181 from its previous 13-F filing of 39091504.0 shares. With the completion of the buy transaction, T. Rowe Price Associates, Inc.’s stake is now worth $932,534,998. Massachusetts Financial Services reduced a -6.30% interest valued at $932.17 million while The Vanguard Group, Inc. sold a -33,373 stake. A total of -1,349,712 shares of Yum China Holdings Inc. were sold by BlackRock Fund Advisors during the quarter, and 3,039,274 were bought by JPMorgan Investment Management, I. In its current portfolio, GuardCap Asset Management Ltd. holds 8,831,392 shares valued at $544.1 million.

In terms of Yum China Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $70.13 in the next 12 months, up nearly 20.89% from the previous closing price of $58.73. Analysts anticipate Yum China Holdings Inc. stock to reach $89.00 by 2023, with the lowest price target being $44.00. In spite of this, 28 analysts ranked Yum China Holdings Inc. stock as an Overweight at the end of 2023. On August 06, 2020, CLSA assigned a price target of “a Buy” to the stock and initiated coverage with a $63.


Please enter your comment!
Please enter your name here