McDonald’s Corp’s recently made public 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 $15.46 million.
Argus upgraded its McDonald’s Corp [MCD] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who remained covering the stock and in early September has reiterated a ‘”a Buy”‘ rating for it. TD Cowen also remained covering MCD and has decreased its forecast on July 31, 2024 with a “Hold” recommendation from previously “Buy” rating. JP Morgan maintained its rating on July 10, 2024. It rated MCD as “an Overweight”.
Price Performance Review of MCD
On Monday, McDonald’s Corp [NYSE:MCD] saw its stock jump 1.57% to $309.84. Over the last five days, the stock has gained 2.99%. McDonald’s Corp shares have risen nearly 4.50% since the year began. Nevertheless, the stocks have risen 25.85% over the past one year. While a 52-week high of $306.96 was reached on 10/14/24, a 52-week low of $243.53 was recorded on 07/09/24. SMA at 50 days reached $290.63, while 200 days put it at $278.63.
Levels Of Support And Resistance For MCD Stock
The 24-hour chart illustrates a support level at 306.09, which if violated will result in even more drops to 302.33. On the upside, there is a resistance level at 312.01. A further resistance level may holdings at 314.17. The Relative Strength Index (RSI) on the 14-day chart is 75.24, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.83%. Stochastics %K at 81.81% 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 2024-09-30, dropping by -0.22 million shares to a total of 9.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 10.03 million shares. There was a decline of -2.22%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 02, 2024 when Guggenheim resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $280.
