The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Yum China Holdings Inc shares valued at $127,605 were purchased by Kuai Jeff on Aug 13 ’24. At $32.72 per share, Kuai Jeff acquired 3,900 shares. The insider’s holdings grew to 3,900 shares worth approximately $0.13 million following the completion of this transaction.
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Also, Zhang Leila sold 1,790 shares, netting a total of over 80,586 in proceeds. Following the sale of shares at $45.02 each, the insider now holds 17,081 shares.
Before that, Wang Warton had sold 3,975 shares from its account. In a trade valued at $185,961, the General Manager, KFC traded Yum China Holdings Inc shares for $46.78 each. Upon closing the transaction, the insider’s holdings decreased to 3,975 shares, worth approximately $0.17 million.
As published in a research note from Macquarie on August 06, 2024, Yum China Holdings Inc [YUMC] has been rated up from an Underperform to an Outperform. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. As of September 22, 2023, Jefferies has increased its “Hold” rating to a “Buy” for YUMC. Earlier on September 15, 2023, CLSA upgraded its rating. Their new recommendation was “a Buy” for YUMC stock which previously was a “an Outperform”.
Analyzing YUMC Stock Performance
During the last five days, there has been a drop of approximately -1.95%. Over the course of the year, Yum China Holdings Inc shares have dropped approximately -21.75%. Shares of the company reached a 52-week high of $44.24 on 02/29/24 and a 52-week low of $28.50 on 08/05/24. A 50-day SMA is recorded $32.00, while a 200-day SMA reached $38.15. Nevertheless, trading volume fell to 1.7 million shares from 4.06 million shares the previous day.
Support And Resistance Levels for Yum China Holdings Inc (YUMC)
According to the 24-hour chart, there is a support level at 32.75, which, if violated, would cause prices to drop to 32.29. In the upper region, resistance lies at 33.84. The next price resistance is at 34.47. RSI (Relative Strength Index) is 59.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.43, which suggests the price will increase in the coming days. Percent R is at 23.20%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
