In a filing, Restaurant Brands International Inc revealed its insider Granat Jill unloaded Company’s shares for reported $6.12 million on Feb 26 ’24. In the deal valued at $76.20 per share,80,332 shares were sold. As a result of this transaction, Granat Jill now holds 410,759 shares worth roughly $30.62 million.
Then, Fulton Duncan sold 32,500 shares, generating $2,484,300 in total proceeds. Upon selling the shares at $76.44, the Chief Corporate Officer now owns 25,386 shares.
Before that, Housman Jeffrey sold 30,000 shares. Restaurant Brands International Inc shares valued at $2,265,300 were divested by the insider at a price of $75.51 per share. As a result of the transaction, Housman Jeffrey now holds 61,579 shares, worth roughly $4.59 million.
Bernstein upgraded its Restaurant Brands International Inc [QSR] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. Loop Capital also remained covering QSR and has increased its forecast on September 29, 2023 with a “Buy” recommendation from previously “Hold” rating. Northcoast revised its rating on August 22, 2023. It rated QSR as “a Buy” which previously was an “a Neutral”.
Price Performance Review of QSR
On Friday, Restaurant Brands International Inc [NYSE:QSR] saw its stock fall -0.03% to $74.55. Over the last five days, the stock has lost -6.17%. Restaurant Brands International Inc shares have fallen nearly -4.58% since the year began. Nevertheless, the stocks have risen 12.61% over the past one year. While a 52-week high of $83.29 was reached on 03/13/24, a 52-week low of $61.77 was recorded on 02/13/24. SMA at 50 days reached $78.14, while 200 days put it at $73.26. A total of 1.38 million shares were traded, compared to the trading of 2.08 million shares in the previous session.
Levels Of Support And Resistance For QSR Stock
The 24-hour chart illustrates a support level at 73.86, which if violated will result in even more drops to 73.16. On the upside, there is a resistance level at 75.15. A further resistance level may holdings at 75.74. The Relative Strength Index (RSI) on the 14-day chart is 33.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.48%. Stochastics %K at 5.00% indicates the stock is a buying.
How much short interest is there in Restaurant Brands International Inc?
A steep rise in short interest was recorded in Restaurant Brands International Inc stocks on Mar 15, 2024, dropping by -0.46 million shares to a total of 7.73 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 8.19 million shares. There was a decline of -5.95%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.87% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.26.
The most recent change occurred on August 21, 2023 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $82 price target.
