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Yum Brands Inc. [YUM] stock for 963,332 USD was sold by Gibbs David W

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Yum Brands Inc. shares valued at $963,332 were sold by Gibbs David W on Jun 17 ’24. At $136.43 per share, Gibbs David W sold 7,061 shares. The insider’s holdings dropped to 165,630 shares worth approximately $21.48 million following the completion of this transaction.

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Also, Catlett Scott sold 5,994 shares, netting a total of over 848,151 in proceeds. Following the sale of shares at $141.50 each, the insider now holds 34,889 shares.

Before that, Gibbs David W had sold 7,073 shares from its account. In a trade valued at $969,991, the Chief Executive Officer traded Yum Brands Inc. shares for $137.14 each. Upon closing the transaction, the insider’s holdings decreased to 7,073 shares, worth approximately $21.9 million.

As published in their initiating research note from Goldman on June 13, 2024, Yum Brands Inc. [YUM] has been a Neutral and the price target has been revised to $150. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early April. As of January 11, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for YUM. Earlier on January 05, 2024, Oppenheimer upgraded its rating. Their new recommendation was “an Outperform” for YUM stock which previously was a “a Perform”.

Analyzing YUM Stock Performance

During the last five days, there has been a drop of approximately -1.74%. Over the course of the year, Yum Brands Inc. shares have dropped approximately -0.76%. 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 $137.05, while a 200-day SMA reached $131.60. Nevertheless, trading volume fell to 0.94 million shares from 2.33 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 129.00, which, if violated, would cause prices to drop to 128.42. In the upper region, resistance lies at 130.13. The next price resistance is at 130.67. RSI (Relative Strength Index) is 29.50 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.68, which suggests the price will decrease in the coming days. Percent R is at 93.42%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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