Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Yum Brands Inc shares valued at $959,600 were sold by Gibbs David W on Nov 15 ’24. At $135.94 per share, Gibbs David W sold 7,059 shares. The insider’s holdings dropped to 149,385 shares worth approximately $19.85 million following the completion of this transaction.
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Also, Gibbs David W purchased 7,059 shares, netting a total of over 959,600 in proceeds.
Before that, Gibbs David W had sold 7,005 shares from its account. In a trade valued at $941,682, the Chief Executive Officer traded Yum Brands Inc shares for $134.43 each. Upon closing the transaction, the insider’s holdings decreased to 7,005 shares, worth approximately $20.28 million.
As published in a research note from TD Cowen on October 16, 2024, Yum Brands Inc [YUM] has been rated down from a Buy to a Hold and the price target has been revised to $145 from $156. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in mid July. As of June 13, 2024, Goldman has initiated its “Neutral” rating for YUM. Earlier on April 10, 2024, Argus downgraded its rating. Their new recommendation was “a Hold” for YUM stock which previously was a “a Buy”.
Analyzing YUM Stock Performance
During the last five days, there has been a drop of approximately -1.76%. Over the course of the year, Yum Brands Inc shares have jumped approximately 1.70%. Shares of the company reached a 52-week high of $143.20 on 04/29/24 and a 52-week low of $124.76 on 07/24/24. A 50-day SMA is recorded $134.40, while a 200-day SMA reached $135.34. Nevertheless, trading volume fell to 1.44 million shares from 1.16 million shares the previous day.
Support And Resistance Levels for Yum Brands Inc (YUM)
According to the 24-hour chart, there is a support level at 131.64, which, if violated, would cause prices to drop to 130.39. In the upper region, resistance lies at 133.66. The next price resistance is at 134.43. RSI (Relative Strength Index) is 45.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.58, which suggests the price will decrease in the coming days. Percent R is at 76.89%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
