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. Yum China Holdings Inc shares valued at $302,716 were sold by HUANG Duoduo (Howard) on Nov 25 ’24. At $47.47 per share, HUANG Duoduo (Howard) sold 6,377 shares. The insider’s holdings dropped to 16,641 shares worth approximately $0.83 million following the completion of this transaction.
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Also, HUANG Duoduo (Howard) purchased 6,377 shares, netting a total of over 302,716 in proceeds.
Before that, DING Jerry had sold 1,000 shares from its account. In a trade valued at $50,000, the Chief People Officer traded Yum China Holdings Inc shares for $50.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $73870.44.
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 surge of approximately 4.12%. Over the course of the year, Yum China Holdings Inc shares have jumped approximately 17.79%. 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 $46.96, while a 200-day SMA reached $38.70. Nevertheless, trading volume fell to 1.6 million shares from 1.95 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 49.39, which, if violated, would cause prices to drop to 48.80. In the upper region, resistance lies at 50.73. The next price resistance is at 51.48. RSI (Relative Strength Index) is 61.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.62, which suggests the price will increase in the coming days. Percent R is at 23.93%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
