Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Restaurant Brands International Inc shares valued at $448,582 were sold by CURTIS THOMAS BENJAMIN on Sep 03 ’24. At $68.63 per share, CURTIS THOMAS BENJAMIN sold 6,536 shares. The insider’s holdings dropped to 37,179 shares worth approximately $2.61 million following the completion of this transaction.
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Also, SCHWAN AXEL MR sold 36,000 shares, netting a total of over 2,535,934 in proceeds. Following the sale of shares at $70.44 each, the insider now holds 97,479 shares.
Before that, Kobza Joshua had sold 246,196 shares from its account. In a trade valued at $18,507,758, the Chief Executive Officer traded Restaurant Brands International Inc shares for $75.17 each. Upon closing the transaction, the insider’s holdings decreased to 246,196 shares, worth approximately $41.83 million.
As published in their initiating research note from Goldman on June 13, 2024, Restaurant Brands International Inc [QSR] has been a Buy and the price target has been revised to $80. Analysts at Bernstein upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late November. As of October 19, 2023, Deutsche Bank has initiated its “Buy” rating for QSR. Earlier on September 29, 2023, Loop Capital upgraded its rating. Their new recommendation was “a Buy” for QSR stock which previously was a “a Hold”.
Analyzing QSR Stock Performance
During the last five days, there has been a drop of approximately -0.99%. Over the course of the year, Restaurant Brands International Inc shares have dropped approximately -10.12%. Shares of the company reached a 52-week high of $83.29 on 03/13/24 and a 52-week low of $65.87 on 05/30/24. A 50-day SMA is recorded $70.17, while a 200-day SMA reached $73.17. Nevertheless, trading volume fell to 1.03 million shares from 0.95 million shares the previous day.
Support And Resistance Levels for Restaurant Brands International Inc (QSR)
According to the 24-hour chart, there is a support level at 69.30, which, if violated, would cause prices to drop to 68.38. In the upper region, resistance lies at 70.74. The next price resistance is at 71.26. RSI (Relative Strength Index) is 48.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.76, which suggests the price will decrease in the coming days. Percent R is at 66.75%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
