Yum Brands Inc.’s recently made public that its Chief Executive Officer Gibbs David W unloaded Company’s shares for reported $0.98 million on Apr 15 ’24. In the deal valued at $138.37 per share,7,078 shares were sold. As a result of this transaction, Gibbs David W now holds 172,128 shares worth roughly $23.12 million.
Then, Gibbs David W sold 7,067 shares, generating $963,515 in total proceeds. Upon selling the shares at $136.34, the Chief Executive Officer now owns 175,377 shares.
Before that, Skeans Tracy L sold 35,363 shares. Yum Brands Inc. shares valued at $4,919,433 were divested by the COO and CPO at a price of $139.11 per share. As a result of the transaction, Skeans Tracy L now holds 3,183 shares, worth roughly $0.43 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 -0.54% to $134.34. Over the last five days, the stock has lost -5.24%. Yum Brands Inc. shares have risen nearly 2.82% since the year began. Nevertheless, the stocks have fallen -2.16% over the past one year. While a 52-week high of $143.20 was reached on 04/29/24, a 52-week low of $115.53 was recorded on 02/05/24. SMA at 50 days reached $138.17, while 200 days put it at $130.68. A total of 2.42 million shares were traded, compared to the trading of 2.43 million shares in the previous session.
Levels Of Support And Resistance For YUM Stock
The 24-hour chart illustrates a support level at 133.51, which if violated will result in even more drops to 132.69. On the upside, there is a resistance level at 135.57. A further resistance level may holdings at 136.80. The Relative Strength Index (RSI) on the 14-day chart is 37.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.47%. Stochastics %K at 6.30% indicates the stock is a buying.
