In a filing, McDonald’s Corp revealed its President, McDonald’s USA Erlinger Joseph M. unloaded Company’s shares for reported $0.32 million on Oct 23 ’24. In the deal valued at $292.38 per share,1,099 shares were sold. As a result of this transaction, Erlinger Joseph M. now holds 10,385 shares worth roughly $3.08 million.
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Then, JOSEPH ERLINGER bought 1,099 shares, generating $345,844 in total proceeds.
Before that, Flatley Edith Morgan sold 2,346 shares. McDonald’s Corp shares valued at $727,260 were divested by the EVP – Global CMO at a price of $310.00 per share. As a result of the transaction, Flatley Edith Morgan now holds 2,905 shares, worth roughly $0.86 million.
Robert W. Baird downgraded its McDonald’s Corp [MCD] rating to a Neutral from a an Outperform in a research note published on October 23, 2024; the price target was decreased to $290 from $320. A number of analysts have revised their coverage, including Guggenheim’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Neutral”. Truist also remained covering MCD and reiterated its “Buy” recommendation on October 15, 2024. Argus revised its rating on October 08, 2024. It rated MCD as “a Buy” which previously was an “a Hold”.
Price Performance Review of MCD
On Monday, McDonald’s Corp [NYSE:MCD] saw its stock jump 1.43% to $296.79. Over the last five days, the stock has lost -5.75%. McDonald’s Corp shares have risen nearly 0.09% since the year began. Nevertheless, the stocks have risen 16.01% over the past one year. While a 52-week high of $317.90 was reached on 10/21/24, a 52-week low of $243.53 was recorded on 07/09/24. SMA at 50 days reached $297.94, while 200 days put it at $279.33.
Levels Of Support And Resistance For MCD Stock
The 24-hour chart illustrates a support level at 295.58, which if violated will result in even more drops to 294.37. On the upside, there is a resistance level at 298.96. A further resistance level may holdings at 301.13. The Relative Strength Index (RSI) on the 14-day chart is 43.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.98%. Stochastics %K at 22.77% indicates the stock is a holding.
How much short interest is there in McDonald’s Corp?
A steep rise in short interest was recorded in McDonald’s Corp stocks on 2024-10-15, growing by 0.32 million shares to a total of 9.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.15 million shares. There was a rise of 3.43%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 09, 2024 when Jefferies resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $330.
