Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Restaurant Brands International Inc shares valued at $18,507,758 were sold by Kobza Joshua on May 06 ’24. At $75.17 per share, Kobza Joshua sold 246,196 shares. The insider’s holdings dropped to 595,764 shares worth approximately $43.72 million following the completion of this transaction.
Also, Hedayat Ali sold 8,537 shares, netting a total of over 638,141 in proceeds. Following the sale of shares at $74.75 each, the insider now holds 22,881 shares.
Before that, Granat Jill had sold 80,332 shares from its account. In a trade valued at $6,121,298, the insider traded Restaurant Brands International Inc shares for $76.20 each. Upon closing the transaction, the insider’s holdings decreased to 80,332 shares, worth approximately $30.14 million.
As published in a research note from Bernstein on November 30, 2023, Restaurant Brands International Inc [QSR] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $85. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in mid October. As of September 29, 2023, Loop Capital has increased its “Hold” rating to a “Buy” for QSR. Earlier on August 22, 2023, Northcoast upgraded its rating. Their new recommendation was “a Buy” for QSR stock which previously was a “a Neutral”.
Analyzing QSR Stock Performance
During the last five days, there has been a surge of approximately 0.22%. Over the course of the year, Restaurant Brands International Inc shares have dropped approximately -6.08%. Shares of the company reached a 52-week high of $83.29 on 03/13/24 and a 52-week low of $69.42 on 04/16/24. A 50-day SMA is recorded $76.39, while a 200-day SMA reached $72.89. Nevertheless, trading volume fell to 2.1 million shares from 2.6 million shares the previous day.
Support And Resistance Levels for Restaurant Brands International Inc (QSR)
According to the 24-hour chart, there is a support level at 72.92, which, if violated, would cause prices to drop to 72.46. In the upper region, resistance lies at 74.00. The next price resistance is at 74.62. RSI (Relative Strength Index) is 45.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.38, which suggests the price will decrease in the coming days. Percent R is at 63.28%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
