Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Yum Brands Inc. shares valued at $963,515 were sold by Gibbs David W on Mar 15 ’24. At $136.34 per share, Gibbs David W sold 7,067 shares. The insider’s holdings dropped to 175,377 shares worth approximately $24.19 million following the completion of this transaction.
Also, Skeans Tracy L sold 35,363 shares, netting a total of over 4,919,433 in proceeds. Following the sale of shares at $139.11 each, the insider now holds 3,183 shares.
Before that, Russell David Eric had sold 9,919 shares from its account. In a trade valued at $1,285,800, the Vice President, Controller traded Yum Brands Inc. shares for $129.63 each. Upon closing the transaction, the insider’s holdings decreased to 9,919 shares, worth approximately $2.57 million.
As published in a research note from Argus on April 10, 2024, Yum Brands Inc. [YUM] has been rated down from a Buy to a Hold. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid January. As of January 05, 2024, Oppenheimer has increased its “Perform” rating to a “an Outperform” for YUM. Earlier on January 04, 2024, Stifel downgraded its rating. Their new recommendation was “a Hold” for YUM stock which previously was a “a Buy”.
Analyzing YUM Stock Performance
During the last five days, there has been a drop of approximately -0.76%. Over the course of the year, Yum Brands Inc. shares have jumped approximately 5.58%. Shares of the company reached a 52-week high of $141.64 on 03/07/24 and a 52-week low of $125.74 on 02/05/24. A 50-day SMA is recorded $135.70, while a 200-day SMA reached $130.39. Nevertheless, trading volume fell to 1.9 million shares from 1.4 million shares the previous day.
Support And Resistance Levels for Yum Brands Inc. (YUM)
According to the 24-hour chart, there is a support level at 135.80, which, if violated, would cause prices to drop to 133.64. In the upper region, resistance lies at 139.13. The next price resistance is at 140.30. RSI (Relative Strength Index) is 53.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.48, which suggests the price will decrease in the coming days. Percent R is at 49.57%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Yum Brands Inc. subject to short interest?
Stocks of Yum Brands Inc. saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.42 million shares to 7.1 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 6.68 million shares. A jump of 5.92% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.44 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.44.
