In a filing, McDonald’s Corp revealed its Officer JOSEPH ERLINGER acquired Company’s shares for reported $0.32 million on Nov 25 ’24. In the deal valued at $290.28 per share,1,099 shares were bought.
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Then, Gross Marion K. sold 1,499 shares, generating $441,470 in total proceeds. Upon selling the shares at $294.51, the EVP-Chief Supply Chain Officer now owns 1,560 shares.
Before that, Erlinger Joseph M. sold 1,099 shares. McDonald’s Corp shares valued at $321,326 were divested by the President, McDonald’s USA at a price of $292.38 per share. As a result of the transaction, Erlinger Joseph M. now holds 10,385 shares, worth roughly $3.08 million.
Robert W. Baird downgraded its McDonald’s Corp [MCD] rating to a Neutral from a an Outperform in a research note published on October 23, 2024; the price target was decreased to $290 from $320. A number of analysts have revised their coverage, including Guggenheim’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Neutral”. Truist also remained covering MCD and reiterated its “Buy” recommendation on October 15, 2024. Argus revised its rating on October 08, 2024. It rated MCD as “a Buy” which previously was an “a Hold”.
Price Performance Review of MCD
On Monday, McDonald’s Corp [NYSE:MCD] saw its stock jump 2.04% to $296.19. Over the last five days, the stock has gained 1.75%. McDonald’s Corp shares have fallen nearly -0.11% since the year began. Nevertheless, the stocks have risen 4.83% over the past one year. While a 52-week high of $317.90 was reached on 10/21/24, a 52-week low of $243.53 was recorded on 07/09/24. SMA at 50 days reached $299.85, while 200 days put it at $279.41.
Levels Of Support And Resistance For MCD Stock
The 24-hour chart illustrates a support level at 293.10, which if violated will result in even more drops to 290.02. On the upside, there is a resistance level at 297.94. A further resistance level may holdings at 299.70. The Relative Strength Index (RSI) on the 14-day chart is 50.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.44%. Stochastics %K at 40.23% indicates the stock is a holding.
How much short interest is there in McDonald’s Corp?
A steep rise in short interest was recorded in McDonald’s Corp stocks on 2024-10-31, dropping by -1.04 million shares to a total of 8.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 9.82 million shares. There was a decline of -11.91%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 09, 2024 when Jefferies resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $330.
