Yum Brands Inc.’s recent filing unveils that its Chief Executive Officer Gibbs David W unloaded Company’s shares for reported $0.96 million on Jun 17 ’24. In the deal valued at $136.43 per share,7,061 shares were sold. As a result of this transaction, Gibbs David W now holds 165,630 shares worth roughly $22.24 million.
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Then, Catlett Scott sold 5,994 shares, generating $848,151 in total proceeds. Upon selling the shares at $141.50, the Chief Legal &Franchise Officer now owns 34,889 shares.
Before that, Gibbs David W sold 7,073 shares. Yum Brands Inc. shares valued at $969,991 were divested by the Chief Executive Officer at a price of $137.14 per share. As a result of the transaction, Gibbs David W now holds 168,879 shares, worth roughly $22.68 million.
Goldman initiated its Yum Brands Inc. [YUM] rating to a Neutral in a research note published on June 13, 2024; the price target was $150. A number of analysts have revised their coverage, including Argus’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “a Hold”. Wells Fargo also remained covering YUM and has decreased its forecast on January 11, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Oppenheimer revised its rating on January 05, 2024. It rated YUM as “an Outperform” which previously was an “a Perform”.
Price Performance Review of YUM
On Friday, Yum Brands Inc. [NYSE:YUM] saw its stock jump 0.10% to $134.29. Over the last five days, the stock has lost -2.70%. Yum Brands Inc. shares have risen nearly 2.78% since the year began. Nevertheless, the stocks have fallen -1.79% 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 $138.10, while 200 days put it at $131.46. A total of 3.87 million shares were traded, compared to the trading of 3.17 million shares in the previous session.
Levels Of Support And Resistance For YUM Stock
The 24-hour chart illustrates a support level at 133.40, which if violated will result in even more drops to 132.50. On the upside, there is a resistance level at 135.16. A further resistance level may holdings at 136.02. The Relative Strength Index (RSI) on the 14-day chart is 38.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.62%. Stochastics %K at 8.48% indicates the stock is a buying.
