McDonald’s Corp’s recently made public that its EVP – Global CMO Flatley Edith Morgan unloaded Company’s shares for reported $0.73 million on Oct 14 ’24. In the deal valued at $310.00 per share,2,346 shares were sold. As a result of this transaction, Flatley Edith Morgan now holds 2,905 shares worth roughly $0.91 million.
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Then, CHRISTOPHER KEMPCZINSKI bought 9,291 shares, generating $2,821,212 in total proceeds.
Before that, Kempczinski Christopher J sold 9,291 shares. McDonald’s Corp shares valued at $2,833,755 were divested by the Chairman and CEO at a price of $305.00 per share. As a result of the transaction, Kempczinski Christopher J now holds 43,256 shares, worth roughly $13.62 million.
Truist reiterated its McDonald’s Corp [MCD] rating to a Buy in a research note published on October 15, 2024; the price target was $350. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in early October from “a Hold” to “a Buy”. Jefferies also remained covering MCD and reiterated its “Buy” recommendation on September 09, 2024. TD Cowen revised its rating on July 31, 2024. It rated MCD as “a Hold” which previously was an “a Buy”.
Price Performance Review of MCD
On Monday, McDonald’s Corp [NYSE:MCD] saw its stock fall -0.53% to $314.89. Over the last five days, the stock has gained 1.63%. McDonald’s Corp shares have risen nearly 6.20% since the year began. Nevertheless, the stocks have risen 21.87% over the past one year. While a 52-week high of $317.18 was reached on 10/21/24, a 52-week low of $243.53 was recorded on 07/09/24. SMA at 50 days reached $295.14, while 200 days put it at $279.11.
Levels Of Support And Resistance For MCD Stock
The 24-hour chart illustrates a support level at 313.57, which if violated will result in even more drops to 312.24. On the upside, there is a resistance level at 317.06. A further resistance level may holdings at 319.22. The Relative Strength Index (RSI) on the 14-day chart is 75.00, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.43%. Stochastics %K at 91.95% 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 10, 2024 when JP Morgan resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $290.
