The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. McDonald’s Corp shares valued at $345,844 were purchased by JOSEPH ERLINGER on Oct 23 ’24. At $314.69 per share, JOSEPH ERLINGER acquired 1,099 shares.
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Also, Flatley Edith Morgan sold 2,346 shares, netting a total of over 727,260 in proceeds. Following the sale of shares at $310.00 each, the insider now holds 2,905 shares.
Before that, CHRISTOPHER KEMPCZINSKI had added 9,291 shares to its account. In a trade valued at $2,821,212, the Director bought McDonald’s Corp shares for $303.65 each.
As published in a research note from Robert W. Baird on October 23, 2024, McDonald’s Corp [MCD] has been rated down from an Outperform to a Neutral and the price target has been revised to $290 from $320. Analysts at Guggenheim downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of October 15, 2024, Truist has reiterated its “Buy” rating for MCD. Earlier on October 08, 2024, Argus upgraded its rating. Their new recommendation was “a Buy” for MCD stock which previously was a “a Hold”.
Analyzing MCD Stock Performance
During the last five days, there has been a drop of approximately -4.17%. Over the course of the year, McDonald’s Corp shares have jumped approximately 1.71%. Shares of the company reached a 52-week high of $317.90 on 10/21/24 and a 52-week low of $243.53 on 07/09/24. A 50-day SMA is recorded $297.22, while a 200-day SMA reached $279.33. Nevertheless, trading volume fell to 5.51 million shares from 18.79 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 299.11, which, if violated, would cause prices to drop to 296.64. In the upper region, resistance lies at 303.22. The next price resistance is at 304.86. RSI (Relative Strength Index) is 46.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.11, which suggests the price will decrease in the coming days. Percent R is at 60.29%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
