McDonald’s Corp’s recently made public that its Officer Heidi B. Capozzi acquired Company’s shares for reported $4.34 million on Sep 05 ’24. In the deal valued at $285.52 per share,15,207 shares were bought.
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Then, Gross Marion K. sold 1,498 shares, generating $428,967 in total proceeds. Upon selling the shares at $286.36, the EVP-Chief Supply Chain Officer now owns 1,560 shares.
Before that, Erlinger Joseph M. sold 1,098 shares. McDonald’s Corp shares valued at $316,993 were divested by the President, McDonald’s USA at a price of $288.70 per share. As a result of the transaction, Erlinger Joseph M. now holds 12,583 shares, worth roughly $3.73 million.
Jefferies reiterated its McDonald’s Corp [MCD] rating to a Buy in a research note published on September 09, 2024; the price target was $330. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in late July from “a Buy” to “a Hold”. JP Morgan also remained covering MCD and reiterated its “an Overweight” recommendation on July 10, 2024. Guggenheim maintained its rating on July 02, 2024. It rated MCD as “a Buy”.
Price Performance Review of MCD
On Friday, McDonald’s Corp [NYSE:MCD] saw its stock jump 1.43% to $296.53. Over the last five days, the stock has gained 2.42%. McDonald’s Corp shares have risen nearly 0.01% since the year began. Nevertheless, the stocks have risen 5.24% 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 $272.14, while 200 days put it at $277.29.
Levels Of Support And Resistance For MCD Stock
The 24-hour chart illustrates a support level at 293.85, which if violated will result in even more drops to 291.18. On the upside, there is a resistance level at 297.97. A further resistance level may holdings at 299.42. The Relative Strength Index (RSI) on the 14-day chart is 72.60, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.61%. Stochastics %K at 73.16% indicates the stock is a holding.
How much short interest is there in McDonald’s Corp?
A steep rise in short interest was recorded in McDonald’s Corp stocks on 2024-08-30, dropping by -0.33 million shares to a total of 10.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 10.36 million shares. There was a decline of -3.29%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 13, 2024 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $288 price target.
