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Yum Brands Inc. [NYSE: YUM] Sees Increase in Stock Value

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Yum Brands Inc. shares valued at $969,991 were sold by Gibbs David W on May 15 ’24. At $137.14 per share, Gibbs David W sold 7,073 shares. The insider’s holdings dropped to 168,879 shares worth approximately $23.36 million following the completion of this transaction.

Also, Alves Paget Leonard sold 6,309 shares, netting a total of over 859,223 in proceeds. Following the sale of shares at $136.19 each, the insider now holds 0 shares.

Before that, Gibbs David W had sold 7,078 shares from its account. In a trade valued at $979,383, the Chief Executive Officer traded Yum Brands Inc. shares for $138.37 each. Upon closing the transaction, the insider’s holdings decreased to 7,078 shares, worth approximately $23.81 million.

As published in a research note from Argus on April 10, 2024, Yum Brands Inc. [YUM] has been rated down from a Buy to a Hold. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid January. As of January 05, 2024, Oppenheimer has increased its “Perform” rating to a “an Outperform” for YUM. Earlier on January 04, 2024, Stifel downgraded its rating. Their new recommendation was “a Hold” for YUM stock which previously was a “a Buy”.

Analyzing YUM Stock Performance

During the last five days, there has been a surge of approximately 1.01%. Over the course of the year, Yum Brands Inc. shares have jumped approximately 5.88%. Shares of the company reached a 52-week high of $143.20 on 04/29/24 and a 52-week low of $125.74 on 02/05/24. A 50-day SMA is recorded $138.00, while a 200-day SMA reached $130.68. Nevertheless, trading volume fell to 1.8 million shares from 2.18 million shares the previous day.

Support And Resistance Levels for Yum Brands Inc. (YUM)

According to the 24-hour chart, there is a support level at 137.27, which, if violated, would cause prices to drop to 136.21. In the upper region, resistance lies at 139.27. The next price resistance is at 140.21. RSI (Relative Strength Index) is 52.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.30, which suggests the price will decrease in the coming days. Percent R is at 52.37%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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