Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Restaurant Brands International Inc shares valued at $6,121,298 were sold by Granat Jill on Feb 26 ’24. At $76.20 per share, Granat Jill sold 80,332 shares. The insider’s holdings dropped to 410,759 shares worth approximately $29.77 million following the completion of this transaction.
Also, Fulton Duncan sold 32,500 shares, netting a total of over 2,484,300 in proceeds. Following the sale of shares at $76.44 each, the insider now holds 25,386 shares.
Before that, Housman Jeffrey had sold 30,000 shares from its account. In a trade valued at $2,265,300, the insider traded Restaurant Brands International Inc shares for $75.51 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $4.46 million.
As published in a research note from Bernstein on November 30, 2023, Restaurant Brands International Inc [QSR] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $85. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in mid October. As of September 29, 2023, Loop Capital has increased its “Hold” rating to a “Buy” for QSR. Earlier on August 22, 2023, Northcoast upgraded its rating. Their new recommendation was “a Buy” for QSR stock which previously was a “a Neutral”.
Analyzing QSR Stock Performance
During the last five days, there has been a drop of approximately -5.49%. Over the course of the year, Restaurant Brands International Inc shares have dropped approximately -7.23%. Shares of the company reached a 52-week high of $83.29 on 03/13/24 and a 52-week low of $71.88 on 04/10/24. A 50-day SMA is recorded $77.91, while a 200-day SMA reached $73.23. Nevertheless, trading volume fell to 2.44 million shares from 1.18 million shares the previous day.
Support And Resistance Levels for Restaurant Brands International Inc (QSR)
According to the 24-hour chart, there is a support level at 71.83, which, if violated, would cause prices to drop to 71.19. In the upper region, resistance lies at 73.17. The next price resistance is at 73.86. RSI (Relative Strength Index) is 27.24 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.36, which suggests the price will decrease in the coming days. Percent R is at 93.61%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Restaurant Brands International Inc subject to short interest?
Stocks of Restaurant Brands International Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.46 million shares to 7.73 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 8.19 million shares. A decline of -5.95% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.26 of the overall float, the days-to-cover ratio (short ratio) decline to 5.26.
