Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. McDonald’s Corp shares valued at $303,751 were sold by Erlinger Joseph M. on Apr 23 ’24. At $276.64 per share, Erlinger Joseph M. sold 1,098 shares. The insider’s holdings dropped to 16,977 shares worth approximately $4.66 million following the completion of this transaction.
Also, Erlinger Joseph M. sold 1,099 shares, netting a total of over 312,534 in proceeds. Following the sale of shares at $284.38 each, the insider now holds 18,075 shares.
Before that, Flatley Edith Morgan had sold 4,346 shares from its account. In a trade valued at $1,283,461, the EVP – Global CMO traded McDonald’s Corp shares for $295.32 each. Upon closing the transaction, the insider’s holdings decreased to 4,346 shares, worth approximately $0.8 million.
As published in a research note from Argus on March 25, 2024, McDonald’s Corp [MCD] has been rated down from a Buy to a Hold. Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early February. As of January 29, 2024, BofA Securities has reiterated its “Neutral” rating for MCD. Earlier on January 05, 2024, Oppenheimer downgraded its rating. Their new recommendation was “a Perform” for MCD stock which previously was a “an Outperform”.
Analyzing MCD Stock Performance
During the last five days, there has been a drop of approximately -0.84%. Over the course of the year, McDonald’s Corp shares have dropped approximately -7.45%. Shares of the company reached a 52-week high of $302.39 on 01/22/24 and a 52-week low of $262.63 on 04/30/24. A 50-day SMA is recorded $280.77, while a 200-day SMA reached $280.81. Nevertheless, trading volume fell to 4.84 million shares from 6.89 million shares the previous day.
Support And Resistance Levels for McDonald’s Corp (MCD)
According to the 24-hour chart, there is a support level at 270.84, which, if violated, would cause prices to drop to 267.26. In the upper region, resistance lies at 277.22. The next price resistance is at 280.02. RSI (Relative Strength Index) is 48.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.47, which suggests the price will increase in the coming days. Percent R is at 31.36%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
