Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Yum China Holdings Inc shares valued at $3,748,619 were purchased by Yeung Andy on Nov 05 ’24. At $47.94 per share, Yeung Andy acquired 78,190 shares.
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Also, Aiken Robert Blaine Jr purchased 3,000 shares, netting a total of over 101,220 in proceeds. Following the buying of shares at $33.74 each, the insider now holds 12,088 shares.
Before that, Wang Warton had added 3,700 shares to its account. In a trade valued at $128,267, the General Manager, KFC bought Yum China Holdings Inc shares for $34.67 each. Upon closing the transaction, the insider’s holdings increased to 3,700 shares, worth approximately $1.25 million.
As published in a research note from JP Morgan on November 06, 2024, Yum China Holdings Inc [YUMC] has been rated up from a Neutral to an Overweight and the price target has been revised to $60 from $35.50. Analysts at Macquarie upgraded the stock from ‘”an Underperform”‘ to ‘”an Outperform”‘ outlook in a report released in early August. As of December 19, 2023, Deutsche Bank has initiated its “Buy” rating for YUMC. Earlier on September 22, 2023, Jefferies upgraded its rating. Their new recommendation was “a Buy” for YUMC stock which previously was a “a Hold”.
Analyzing YUMC Stock Performance
During the last five days, there has been a surge of approximately 11.48%. Over the course of the year, Yum China Holdings Inc shares have jumped approximately 17.44%. Shares of the company reached a 52-week high of $51.68 on 10/07/24 and a 52-week low of $28.50 on 08/05/24. A 50-day SMA is recorded $41.54, while a 200-day SMA reached $37.58. Nevertheless, trading volume fell to 4.0 million shares from 3.0 million shares the previous day.
Support And Resistance Levels for Yum China Holdings Inc (YUMC)
According to the 24-hour chart, there is a support level at 48.69, which, if violated, would cause prices to drop to 47.55. In the upper region, resistance lies at 50.50. The next price resistance is at 51.17. RSI (Relative Strength Index) is 71.92 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.71, which suggests the price will increase in the coming days. Percent R is at 3.98%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
