McDonald’s Corp’s filing revealed that its Director CHRISTOPHER KEMPCZINSKI acquired Company’s shares for reported $2.82 million on Sep 27 ’24. In the deal valued at $303.65 per share,9,291 shares were bought.
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Then, Kempczinski Christopher J sold 9,291 shares, generating $2,833,755 in total proceeds. Upon selling the shares at $305.00, the Chairman and CEO now owns 43,256 shares.
Before that, Kempczinski Christopher J sold 11,727 shares. McDonald’s Corp shares valued at $3,518,452 were divested by the Chairman and CEO at a price of $300.03 per share. As a result of the transaction, Kempczinski Christopher J now holds 49,885 shares, worth roughly $15.19 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 Monday, McDonald’s Corp [NYSE:MCD] saw its stock jump 0.27% to $304.51. Over the last five days, the stock has gained 1.82%. McDonald’s Corp shares have risen nearly 2.70% since the year began. Nevertheless, the stocks have risen 14.65% over the past one year. While a 52-week high of $306.96 was reached on 09/27/24, a 52-week low of $243.53 was recorded on 07/09/24. SMA at 50 days reached $282.03, while 200 days put it at $278.00.
Levels Of Support And Resistance For MCD Stock
The 24-hour chart illustrates a support level at 302.73, which if violated will result in even more drops to 300.95. On the upside, there is a resistance level at 305.66. A further resistance level may holdings at 306.81. The Relative Strength Index (RSI) on the 14-day chart is 75.62, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.59%. Stochastics %K at 89.82% 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 2024-09-13, dropping by -0.7 million shares to a total of 9.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 9.85 million shares. There was a decline of -7.68%, 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.
