In a filing, Yum Brands Inc. revealed its Chief Executive Officer Gibbs David W unloaded Company’s shares for reported $0.96 million on Mar 15 ’24. In the deal valued at $136.34 per share,7,067 shares were sold. As a result of this transaction, Gibbs David W now holds 175,377 shares worth roughly $23.87 million.
Then, Skeans Tracy L sold 35,363 shares, generating $4,919,433 in total proceeds. Upon selling the shares at $139.11, the COO and CPO now owns 3,183 shares.
Before that, Russell David Eric sold 9,919 shares. Yum Brands Inc. shares valued at $1,285,800 were divested by the Vice President, Controller at a price of $129.63 per share. As a result of the transaction, Russell David Eric now holds 18,661 shares, worth roughly $2.54 million.
Wells Fargo downgraded its Yum Brands Inc. [YUM] rating to an Equal weight from a an Overweight in a research note published on January 11, 2024; the price target was decreased to $135 from $150. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who increased its forecast for the stock in early January from “a Perform” to “an Outperform”. Stifel also remained covering YUM and has decreased its forecast on January 04, 2024 with a “Hold” recommendation from previously “Buy” rating. Barclays revised its rating on January 03, 2024. It rated YUM as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of YUM
On Friday, Yum Brands Inc. [NYSE:YUM] saw its stock fall -0.13% to $136.10. Over the last five days, the stock has lost -1.84%. Yum Brands Inc. shares have risen nearly 4.16% since the year began. Nevertheless, the stocks have risen 3.42% over the past one year. While a 52-week high of $143.24 was reached on 03/07/24, a 52-week low of $115.53 was recorded on 02/05/24. SMA at 50 days reached $135.29, while 200 days put it at $130.38. A total of 1.74 million shares were traded, compared to the trading of 2.64 million shares in the previous session.
Levels Of Support And Resistance For YUM Stock
The 24-hour chart illustrates a support level at 135.20, which if violated will result in even more drops to 134.31. On the upside, there is a resistance level at 136.93. A further resistance level may holdings at 137.77. The Relative Strength Index (RSI) on the 14-day chart is 46.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.00%. Stochastics %K at 38.71% indicates the stock is a holding.
How much short interest is there in Yum Brands Inc.?
A steep rise in short interest was recorded in Yum Brands Inc. stocks on Mar 15, 2024, growing by 0.68 million shares to a total of 6.77 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 6.09 million shares. There was a rise of 10.04%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.41% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.04.
