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. McDonald’s Corp shares valued at $4,341,903 were purchased by Heidi B. Capozzi on Sep 05 ’24. At $285.52 per share, Heidi B. Capozzi acquired 15,207 shares.
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Also, Gross Marion K. sold 1,498 shares, netting a total of over 428,967 in proceeds. Following the sale of shares at $286.36 each, the insider now holds 1,560 shares.
Before that, Erlinger Joseph M. had sold 1,098 shares from its account. In a trade valued at $316,993, the President, McDonald’s USA traded McDonald’s Corp shares for $288.70 each. Upon closing the transaction, the insider’s holdings decreased to 1,098 shares, worth approximately $3.65 million.
As published in a research note from Jefferies on September 09, 2024, McDonald’s Corp [MCD] has been retained to a Buy and the price target has been revised to $330. Analysts at TD Cowen downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late July. As of July 10, 2024, JP Morgan has reiterated its “an Overweight” rating for MCD. Earlier on July 02, 2024, Guggenheim resumed its rating. Their recommendation was “a Buy” for MCD stock.
Analyzing MCD Stock Performance
During the last five days, there has been a surge of approximately 0.76%. Over the course of the year, McDonald’s Corp shares have dropped approximately -2.12%. Shares of the company reached a 52-week high of $302.39 on 01/22/24 and a 52-week low of $243.53 on 07/09/24. A 50-day SMA is recorded $270.32, while a 200-day SMA reached $277.17. Nevertheless, trading volume fell to 2.69 million shares from 2.5 million shares the previous day.
Support And Resistance Levels for McDonald’s Corp (MCD)
According to the 24-hour chart, there is a support level at 286.89, which, if violated, would cause prices to drop to 283.56. In the upper region, resistance lies at 292.50. The next price resistance is at 294.77. RSI (Relative Strength Index) is 65.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.04, which suggests the price will increase in the coming days. Percent R is at 47.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
