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The Potential Rise in the Price of Restaurant Brands International Inc (QSR) following insiders activity

Restaurant Brands International Inc’s recently made public that its Chief Executive Officer Kobza Joshua unloaded Company’s shares for reported $18.51 million on May 06 ’24. In the deal valued at $75.17 per share,246,196 shares were sold. As a result of this transaction, Kobza Joshua now holds 595,764 shares worth roughly $43.63 million.

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Then, Hedayat Ali sold 8,537 shares, generating $638,141 in total proceeds. Upon selling the shares at $74.75, the Director now owns 22,881 shares.

Before that, Granat Jill sold 80,332 shares. Restaurant Brands International Inc shares valued at $6,121,298 were divested by the insider at a price of $76.20 per share. As a result of the transaction, Granat Jill now holds 410,759 shares, worth roughly $30.08 million.

Bernstein upgraded its Restaurant Brands International Inc [QSR] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. Loop Capital also remained covering QSR and has increased its forecast on September 29, 2023 with a “Buy” recommendation from previously “Hold” rating. Northcoast revised its rating on August 22, 2023. It rated QSR as “a Buy” which previously was an “a Neutral”.

Price Performance Review of QSR

On Friday, Restaurant Brands International Inc [NYSE:QSR] saw its stock fall -0.49% to $73.24. Over the last five days, the stock has lost -3.42%. Restaurant Brands International Inc shares have fallen nearly -6.26% since the year began. Nevertheless, the stocks have risen 0.33% over the past one year. While a 52-week high of $83.29 was reached on 03/13/24, a 52-week low of $61.77 was recorded on 04/16/24. SMA at 50 days reached $76.25, while 200 days put it at $72.85. A total of 3.82 million shares were traded, compared to the trading of 0.99 million shares in the previous session.

Levels Of Support And Resistance For QSR Stock

The 24-hour chart illustrates a support level at 71.68, which if violated will result in even more drops to 70.13. On the upside, there is a resistance level at 74.81. A further resistance level may holdings at 76.39. The Relative Strength Index (RSI) on the 14-day chart is 45.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.20%. Stochastics %K at 33.85% indicates the stock is a holding.

The most recent change occurred on August 21, 2023 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $82 price target.

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