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 $441,470 were sold by Gross Marion K. on Nov 01 ’24. At $294.51 per share, Gross Marion K. sold 1,499 shares. The insider’s holdings dropped to 1,560 shares worth approximately $0.46 million following the completion of this transaction.
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Also, Erlinger Joseph M. sold 1,099 shares, netting a total of over 321,326 in proceeds. Following the sale of shares at $292.38 each, the insider now holds 10,385 shares.
Before that, JOSEPH ERLINGER had added 1,099 shares to its account. In a trade valued at $345,844, the Officer bought McDonald’s Corp shares for $314.69 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 surge of approximately 0.87%. Over the course of the year, McDonald’s Corp shares have dropped approximately -0.62%. 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 $298.86, while a 200-day SMA reached $279.25. Nevertheless, trading volume fell to 3.32 million shares from 4.65 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 293.47, which, if violated, would cause prices to drop to 292.27. In the upper region, resistance lies at 296.20. The next price resistance is at 297.73. RSI (Relative Strength Index) is 44.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.66, which suggests the price will decrease in the coming days. Percent R is at 82.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
