Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Yum Brands Inc. shares valued at $941,682 were sold by Gibbs David W on Sep 16 ’24. At $134.43 per share, Gibbs David W sold 7,005 shares. The insider’s holdings dropped to 155,883 shares worth approximately $21.75 million following the completion of this transaction.
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Also, Gibbs David W purchased 7,005 shares, netting a total of over 941,682 in proceeds.
Before that, GRADDICK WEIR MIRIAN M had sold 1,309 shares from its account. In a trade valued at $179,857, the Director traded Yum Brands Inc. shares for $137.40 each. Upon closing the transaction, the insider’s holdings decreased to 1,309 shares, worth approximately $0.17 million.
As published in a research note from Evercore ISI on July 16, 2024, Yum Brands Inc. [YUM] has been rated down from an Outperform to an In-line and the price target has been revised to $145 from $160. Analysts at Goldman started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid June. As of April 10, 2024, Argus has decreased its “Buy” rating to a “Hold” for YUM. Earlier on January 11, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for YUM stock which previously was a “an Overweight”.
Analyzing YUM Stock Performance
During the last five days, there has been a surge of approximately 4.85%. Over the course of the year, Yum Brands Inc. shares have jumped approximately 6.80%. Shares of the company reached a 52-week high of $143.20 on 04/29/24 and a 52-week low of $124.76 on 07/24/24. A 50-day SMA is recorded $134.54, while a 200-day SMA reached $134.52. Nevertheless, trading volume fell to 1.33 million shares from 2.07 million shares the previous day.
Support And Resistance Levels for Yum Brands Inc. (YUM)
According to the 24-hour chart, there is a support level at 138.49, which, if violated, would cause prices to drop to 137.44. In the upper region, resistance lies at 140.24. The next price resistance is at 140.95. RSI (Relative Strength Index) is 64.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.80, which suggests the price will increase in the coming days. Percent R is at 15.20%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
