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 $41.05 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 $28.3 million.
Goldman initiated its Restaurant Brands International Inc [QSR] rating to a Buy in a research note published on June 13, 2024; the price target was $80. A number of analysts have revised their coverage, including Bernstein’s analysts, who increased its forecast for the stock in late November from “a Mkt perform” to “an Outperform”. Deutsche Bank began covering QSR with “Buy” recommendation on October 19, 2023. Loop Capital revised its rating on September 29, 2023. It rated QSR as “a Buy” which previously was an “a Hold”.
Price Performance Review of QSR
On Friday, Restaurant Brands International Inc [NYSE:QSR] saw its stock fall -0.63% to $68.90. Over the last five days, the stock has gained 0.17%. Restaurant Brands International Inc shares have fallen nearly -11.81% since the year began. Nevertheless, the stocks have fallen -9.62% 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 05/30/24. SMA at 50 days reached $71.35, while 200 days put it at $72.53. A total of 1.18 million shares were traded, compared to the trading of 0.92 million shares in the previous session.
Levels Of Support And Resistance For QSR Stock
The 24-hour chart illustrates a support level at 68.32, which if violated will result in even more drops to 67.75. On the upside, there is a resistance level at 69.41. A further resistance level may holdings at 69.93. The Relative Strength Index (RSI) on the 14-day chart is 45.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.72%. Stochastics %K at 59.86% indicates the stock is a holding.
