Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Yum China Holdings Inc shares valued at $80,586 were sold by Zhang Leila on Nov 24 ’23. At $45.02 per share, Zhang Leila sold 1,790 shares. The insider’s holdings dropped to 17,081 shares worth approximately $0.66 million following the completion of this transaction.
Also, Wat Joey purchased 14,000 shares, netting a total of over 647,615 in proceeds. Following the buying of shares at $46.26 each, the insider now holds 269,144 shares.
Before that, Wang Warton had sold 3,975 shares from its account. In a trade valued at $185,961, the General Manager, KFC traded Yum China Holdings Inc shares for $46.78 each. Upon closing the transaction, the insider’s holdings decreased to 3,975 shares, worth approximately $0.2 million.
As published in their initiating research note from Deutsche Bank on December 19, 2023, Yum China Holdings Inc [YUMC] has been a Buy and the price target has been revised to $58. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late September. As of September 15, 2023, CLSA has increased its “an Outperform” rating to a “Buy” for YUMC. Earlier on February 01, 2023, Jefferies downgraded its rating. Their new recommendation was “a Hold” for YUMC stock which previously was a “a Buy”.
Analyzing YUMC Stock Performance
During the last five days, there has been a drop of approximately -2.13%. Over the course of the year, Yum China Holdings Inc shares have dropped approximately -9.00%. Shares of the company reached a 52-week high of $44.24 on 02/29/24 and a 52-week low of $33.55 on 01/22/24. A 50-day SMA is recorded $40.06, while a 200-day SMA reached $47.31. Nevertheless, trading volume fell to 2.09 million shares from 2.34 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 38.23, which, if violated, would cause prices to drop to 37.84. In the upper region, resistance lies at 39.15. The next price resistance is at 39.69. RSI (Relative Strength Index) is 43.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 69.48%, 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 rise in short interest on Mar 15, 2024 jumping by 2.28 million shares to 10.99 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 8.71 million shares. A jump of 20.75% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.92 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.92.
