McDonald’s Corp’s filing revealed that its EVP-Chief Supply Chain Officer Gross Marion K. unloaded Company’s shares for reported $0.43 million on Sep 03 ’24. In the deal valued at $286.36 per share,1,498 shares were sold. As a result of this transaction, Gross Marion K. now holds 1,560 shares worth roughly $0.45 million.
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Then, Erlinger Joseph M. sold 1,098 shares, generating $316,993 in total proceeds. Upon selling the shares at $288.70, the President, McDonald’s USA now owns 12,583 shares.
Before that, JOSEPH ERLINGER bought 1,098 shares. McDonald’s Corp shares valued at $317,553 were divested by the Officer at a price of $289.21 per share.
TD Cowen downgraded its McDonald’s Corp [MCD] rating to a Hold from a a Buy in a research note published on July 31, 2024; the price target was decreased to $280 from $285. A number of analysts have revised their coverage, including JP Morgan’s analysts, who remained covering the stock and in early July has reiterated a ‘”an Overweight”‘ rating for it. Guggenheim also remained covering MCD and reiterated its “Buy” recommendation on July 02, 2024. Goldman started covering the stock on June 13, 2024. It rated MCD as “a Neutral”.
Price Performance Review of MCD
On Tuesday, McDonald’s Corp [NYSE:MCD] saw its stock fall -1.09% to $285.52. Over the last five days, the stock has lost -1.09%. McDonald’s Corp shares have fallen nearly -3.71% since the year began. Nevertheless, the stocks have risen 1.55% over the past one year. While a 52-week high of $302.39 was reached on 01/22/24, a 52-week low of $243.53 was recorded on 07/09/24. SMA at 50 days reached $266.33, while 200 days put it at $276.79.
Levels Of Support And Resistance For MCD Stock
The 24-hour chart illustrates a support level at 283.42, which if violated will result in even more drops to 281.31. On the upside, there is a resistance level at 287.92. A further resistance level may holdings at 290.31. The Relative Strength Index (RSI) on the 14-day chart is 61.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.09, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.22%. Stochastics %K at 81.00% indicates the stock is a selling.
How much short interest is there in McDonald’s Corp?
A steep rise in short interest was recorded in McDonald’s Corp stocks on 2024-08-15, growing by 31087.0 shares to a total of 9.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 9.82 million shares. There was a rise of 0.32%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 28, 2024 when BofA Securities resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $288.
