Yum China Holdings Inc’s recently made public that its Director Aiken Robert Blaine Jr acquired Company’s shares for reported $0.1 million on Aug 16 ’24. In the deal valued at $33.74 per share,3,000 shares were bought. As a result of this transaction, Aiken Robert Blaine Jr now holds 12,088 shares worth roughly $0.42 million.
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Then, Wang Warton bought 3,700 shares, generating $128,267 in total proceeds. Upon buying the shares at $34.67, the General Manager, KFC now owns 25,023 shares.
Before that, Wat Joey bought 3,800 shares. Yum China Holdings Inc shares valued at $129,109 were divested by the Chief Executive Officer at a price of $33.98 per share. As a result of the transaction, Wat Joey now holds 272,944 shares, worth roughly $9.42 million.
Macquarie upgraded its Yum China Holdings Inc [YUMC] rating to an Outperform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Jefferies also remained covering YUMC and has increased its forecast on September 22, 2023 with a “Buy” recommendation from previously “Hold” rating. CLSA revised its rating on September 15, 2023. It rated YUMC as “a Buy” which previously was an “an Outperform”.
Price Performance Review of YUMC
On Monday, Yum China Holdings Inc [NYSE:YUMC] saw its stock fall -1.06% to $34.53. Over the last five days, the stock has gained 1.38%. Yum China Holdings Inc shares have fallen nearly -18.62% since the year began. Nevertheless, the stocks have fallen -38.43% over the past one year. While a 52-week high of $58.21 was reached on 02/29/24, a 52-week low of $28.50 was recorded on 08/05/24. SMA at 50 days reached $32.37, while 200 days put it at $36.81.
Levels Of Support And Resistance For YUMC Stock
The 24-hour chart illustrates a support level at 34.03, which if violated will result in even more drops to 33.53. On the upside, there is a resistance level at 35.14. A further resistance level may holdings at 35.75. The Relative Strength Index (RSI) on the 14-day chart is 59.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been 30.00 at 30.00%. Stochastics %K at 83.92% indicates the stock is a selling.
How much short interest is there in Yum China Holdings Inc?
A steep rise in short interest was recorded in Yum China Holdings Inc stocks on 2024-08-30, growing by 0.22 million shares to a total of 10.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 9.95 million shares. There was a rise of 2.18%, which implies that there is a positive sentiment for the stock.
