Yum Brands Inc.’s recent filing unveils that its Chief Executive Officer Gibbs David W unloaded Company’s shares for reported $0.94 million on Oct 15 ’24. In the deal valued at $134.43 per share,7,005 shares were sold. As a result of this transaction, Gibbs David W now holds 152,634 shares worth roughly $20.31 million.
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Then, Gibbs David W bought 7,023 shares, generating $942,556 in total proceeds.
Before that, Gibbs David W sold 7,005 shares. Yum Brands Inc. shares valued at $941,682 were divested by the Chief Executive Officer at a price of $134.43 per share. As a result of the transaction, Gibbs David W now holds 155,883 shares, worth roughly $20.74 million.
TD Cowen downgraded its Yum Brands Inc. [YUM] rating to a Hold from a a Buy in a research note published on October 16, 2024; the price target was decreased to $145 from $156. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “an In-line”. Goldman began covering YUM with “Neutral” recommendation on June 13, 2024. Argus revised its rating on April 10, 2024. It rated YUM as “a Hold” which previously was an “a Buy”.
Price Performance Review of YUM
On Friday, Yum Brands Inc. [NYSE:YUM] saw its stock fall -0.09% to $133.04. Over the last five days, the stock has lost -0.92%. Yum Brands Inc. shares have risen nearly 1.82% since the year began. Nevertheless, the stocks have risen 10.58% over the past one year. While a 52-week high of $143.20 was reached on 04/29/24, a 52-week low of $118.28 was recorded on 07/24/24. SMA at 50 days reached $134.71, while 200 days put it at $134.93.
Levels Of Support And Resistance For YUM Stock
The 24-hour chart illustrates a support level at 132.46, which if violated will result in even more drops to 131.87. On the upside, there is a resistance level at 134.00. A further resistance level may holdings at 134.95. The Relative Strength Index (RSI) on the 14-day chart is 43.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.21%. Stochastics %K at 38.24% indicates the stock is a holding.
How much short interest is there in Yum Brands Inc.?
A steep rise in short interest was recorded in Yum Brands Inc. stocks on 2024-10-15, dropping by 37942.0 shares to a total of 7.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 7.27 million shares. There was a decline of -0.52%, which implies that there is a negative sentiment for the stock.
