Restaurant Brands International Inc’s recently made public that its insider CURTIS THOMAS BENJAMIN unloaded Company’s shares for reported $0.45 million on Sep 03 ’24. In the deal valued at $68.63 per share,6,536 shares were sold. As a result of this transaction, CURTIS THOMAS BENJAMIN now holds 37,179 shares worth roughly $2.5 million.
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Then, SCHWAN AXEL MR sold 36,000 shares, generating $2,535,934 in total proceeds. Upon selling the shares at $70.44, the Pres., Tim Hortons Americas now owns 97,479 shares.
Before that, Kobza Joshua sold 246,196 shares. Restaurant Brands International Inc shares valued at $18,507,758 were divested by the Chief Executive Officer at a price of $75.17 per share. As a result of the transaction, Kobza Joshua now holds 595,764 shares, worth roughly $40.14 million.
Oppenheimer reiterated its Restaurant Brands International Inc [QSR] rating to an Outperform in a research note published on October 22, 2024; the price target was $86. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in mid June with a ‘”a Buy”‘ rating. Bernstein also remained covering QSR and has increased its forecast on November 30, 2023 with a “an Outperform” recommendation from previously “Mkt perform” rating. Deutsche Bank started covering the stock on October 19, 2023. It rated QSR as “a Buy”.
Price Performance Review of QSR
On Tuesday, Restaurant Brands International Inc [NYSE:QSR] saw its stock fall -0.74% to $67.37. Over the last five days, the stock has lost -1.22%. Restaurant Brands International Inc shares have fallen nearly -13.77% since the year began. Nevertheless, the stocks have fallen -1.99% over the past one year. While a 52-week high of $83.29 was reached on 03/13/24, a 52-week low of $65.87 was recorded on 05/30/24. SMA at 50 days reached $70.14, while 200 days put it at $72.38.
Levels Of Support And Resistance For QSR Stock
The 24-hour chart illustrates a support level at 66.72, which if violated will result in even more drops to 66.07. On the upside, there is a resistance level at 67.96. A further resistance level may holdings at 68.55. The Relative Strength Index (RSI) on the 14-day chart is 36.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.92%. Stochastics %K at 13.69% indicates the stock is a buying.
How much short interest is there in Restaurant Brands International Inc?
A steep rise in short interest was recorded in Restaurant Brands International Inc stocks on 2024-10-31, dropping by -1.53 million shares to a total of 5.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.91 million shares. There was a decline of -28.45%, which implies that there is a negative sentiment for the stock.
