In a filing, McDonald’s Corp revealed its President, McDonald’s USA Erlinger Joseph M. unloaded Company’s shares for reported $0.3 million on Apr 23 ’24. In the deal valued at $276.64 per share,1,098 shares were sold. As a result of this transaction, Erlinger Joseph M. now holds 16,977 shares worth roughly $4.64 million.
Then, Erlinger Joseph M. sold 1,099 shares, generating $312,534 in total proceeds. Upon selling the shares at $284.38, the President, McDonald’s USA now owns 18,075 shares.
Before that, Flatley Edith Morgan sold 4,346 shares. McDonald’s Corp shares valued at $1,283,461 were divested by the EVP – Global CMO at a price of $295.32 per share. As a result of the transaction, Flatley Edith Morgan now holds 2,905 shares, worth roughly $0.79 million.
Argus downgraded its McDonald’s Corp [MCD] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BTIG Research’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. BofA Securities also remained covering MCD and reiterated its “Neutral” recommendation on January 29, 2024. Oppenheimer revised its rating on January 05, 2024. It rated MCD as “a Perform” which previously was an “an Outperform”.
Price Performance Review of MCD
On Friday, McDonald’s Corp [NYSE:MCD] saw its stock fall -0.91% to $273.09. Over the last five days, the stock has gained 0.40%. McDonald’s Corp shares have fallen nearly -7.90% since the year began. Nevertheless, the stocks have fallen -5.75% over the past one year. While a 52-week high of $302.39 was reached on 01/22/24, a 52-week low of $245.73 was recorded on 04/10/24. SMA at 50 days reached $281.88, while 200 days put it at $281.13. A total of 3.61 million shares were traded, compared to the trading of 0.12 million shares in the previous session.
Levels Of Support And Resistance For MCD Stock
The 24-hour chart illustrates a support level at 270.27, which if violated will result in even more drops to 267.45. On the upside, there is a resistance level at 276.01. A further resistance level may holdings at 278.93. The Relative Strength Index (RSI) on the 14-day chart is 45.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 45.75%. Stochastics %K at 73.42% indicates the stock is a holding.
The most recent change occurred on December 20, 2023 when HSBC Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $317 price target.
