Yum China Holdings Inc’s recently made public that its Chief Technology Officer Zhang Leila unloaded Company’s shares for reported $80586.0 on Nov 24 ’23. In the deal valued at $45.02 per share,1,790 shares were sold. As a result of this transaction, Zhang Leila now holds 17,081 shares worth roughly $0.66 million.
Then, Wat Joey bought 14,000 shares, generating $647,615 in total proceeds. Upon buying the shares at $46.26, the Chief Executive Officer now owns 269,144 shares.
Before that, Wang Warton sold 3,975 shares. Yum China Holdings Inc shares valued at $185,961 were divested by the General Manager, KFC at a price of $46.78 per share. As a result of the transaction, Wang Warton now holds 5,108 shares, worth roughly $0.2 million.
Deutsche Bank initiated its Yum China Holdings Inc [YUMC] rating to a Buy in a research note published on December 19, 2023; the price target was $58. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late September from “a Hold” to “a Buy”. CLSA also remained covering YUMC and has increased its forecast on September 15, 2023 with a “Buy” recommendation from previously “an Outperform” rating. Jefferies revised its rating on February 01, 2023. It rated YUMC as “a Hold” which previously was an “a Buy”.
Price Performance Review of YUMC
On Friday, Yum China Holdings Inc [NYSE:YUMC] saw its stock fall -1.95% to $38.67. Over the last five days, the stock has lost -2.81%. Yum China Holdings Inc shares have fallen nearly -8.86% since the year began. Nevertheless, the stocks have fallen -38.60% over the past one year. While a 52-week high of $64.70 was reached on 02/29/24, a 52-week low of $33.55 was recorded on 01/22/24. SMA at 50 days reached $39.88, while 200 days put it at $47.59. A total of 2.42 million shares were traded, compared to the trading of 2.21 million shares in the previous session.
Levels Of Support And Resistance For YUMC Stock
The 24-hour chart illustrates a support level at 38.32, which if violated will result in even more drops to 37.96. On the upside, there is a resistance level at 39.14. A further resistance level may holdings at 39.60. The Relative Strength Index (RSI) on the 14-day chart is 42.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.49%. Stochastics %K at 30.48% indicates the stock is a holding.
How much short interest is there in Yum China Holdings Inc?
A steep rise in short interest was recorded in Yum China Holdings Inc stocks on Mar 15, 2024, growing by 2.28 million shares to a total of 10.99 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 8.71 million shares. There was a rise of 20.75%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.80% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.92.
