Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Yum China Holdings Inc shares valued at $50,000 were sold by DING Jerry on Nov 08 ’24. At $50.00 per share, DING Jerry sold 1,000 shares. The insider’s holdings dropped to 1,478 shares worth approximately $70027.64 following the completion of this transaction.
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Also, DING Jerry purchased 1,000 shares, netting a total of over 50,000 in proceeds.
Before that, Yeung Andy had added 78,190 shares to its account. In a trade valued at $3,748,619, the Former officer bought Yum China Holdings Inc shares for $47.94 each.
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 drop of approximately -0.27%. Over the course of the year, Yum China Holdings Inc shares have jumped approximately 11.67%. Shares of the company reached a 52-week high of $52.00 on 11/07/24 and a 52-week low of $28.50 on 08/05/24. A 50-day SMA is recorded $44.42, while a 200-day SMA reached $38.20. Nevertheless, trading volume fell to 1.24 million shares from 1.41 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 47.08, which, if violated, would cause prices to drop to 46.77. In the upper region, resistance lies at 47.65. The next price resistance is at 47.92. RSI (Relative Strength Index) is 55.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.64, which suggests the price will decrease in the coming days. Percent R is at 61.72%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
