Yum Brands Inc.’s recently made public that 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 $24.17 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 $2.57 million.
Argus downgraded its Yum Brands Inc. [YUM] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid January from “an Overweight” to “an Equal weight”. Oppenheimer also remained covering YUM and has increased its forecast on January 05, 2024 with a “an Outperform” recommendation from previously “Perform” rating. Stifel revised its rating on January 04, 2024. It rated YUM as “a Hold” which previously was an “a Buy”.
Price Performance Review of YUM
On Friday, Yum Brands Inc. [NYSE:YUM] saw its stock fall -0.38% to $137.80. Over the last five days, the stock has gained 1.25%. Yum Brands Inc. shares have risen nearly 5.46% since the year began. Nevertheless, the stocks have risen 4.41% 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 $136.02, while 200 days put it at $130.43. A total of 1.95 million shares were traded, compared to the trading of 1.42 million shares in the previous session.
Levels Of Support And Resistance For YUM Stock
The 24-hour chart illustrates a support level at 137.15, which if violated will result in even more drops to 136.51. On the upside, there is a resistance level at 138.47. A further resistance level may holdings at 139.14. The Relative Strength Index (RSI) on the 14-day chart is 52.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.71%. Stochastics %K at 51.52% indicates the stock is a holding.
