Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. McDonald’s Corp shares valued at $727,260 were sold by Flatley Edith Morgan on Oct 14 ’24. At $310.00 per share, Flatley Edith Morgan sold 2,346 shares. The insider’s holdings dropped to 2,905 shares worth approximately $0.91 million following the completion of this transaction.
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Also, CHRISTOPHER KEMPCZINSKI purchased 9,291 shares, netting a total of over 2,821,212 in proceeds.
Before that, Kempczinski Christopher J had sold 9,291 shares from its account. In a trade valued at $2,833,755, the Chairman and CEO traded McDonald’s Corp shares for $305.00 each. Upon closing the transaction, the insider’s holdings decreased to 9,291 shares, worth approximately $13.61 million.
As published in a research note from Truist on October 15, 2024, McDonald’s Corp [MCD] has been retained to a Buy and the price target has been revised to $350. Analysts at Argus upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early October. As of September 09, 2024, Jefferies has reiterated its “Buy” rating for MCD. Earlier on July 31, 2024, TD Cowen downgraded its rating. Their new recommendation was “a Hold” for MCD stock which previously was a “a Buy”.
Analyzing MCD Stock Performance
During the last five days, there has been a surge of approximately 3.51%. Over the course of the year, McDonald’s Corp shares have jumped approximately 6.13%. Shares of the company reached a 52-week high of $315.36 on 10/15/24 and a 52-week low of $243.53 on 07/09/24. A 50-day SMA is recorded $293.30, while a 200-day SMA reached $278.89. Nevertheless, trading volume fell to 3.09 million shares from 1.82 million shares the previous day.
Support And Resistance Levels for McDonald’s Corp (MCD)
According to the 24-hour chart, there is a support level at 313.10, which, if violated, would cause prices to drop to 311.51. In the upper region, resistance lies at 315.67. The next price resistance is at 316.65. RSI (Relative Strength Index) is 78.94 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.59, which suggests the price will increase in the coming days. Percent R is at 4.18%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
