Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Restaurant Brands International Inc shares valued at $174,767 were sold by Fulton Duncan on Dec 16 ’24. At $67.89 per share, Fulton Duncan sold 2,574 shares. The insider’s holdings dropped to 26,477 shares worth approximately $1.73 million following the completion of this transaction.
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Also, Siddiqui Sami A. sold 2,326 shares, netting a total of over 157,635 in proceeds. Following the sale of shares at $67.76 each, the insider now holds 16,792 shares.
Before that, KLEIN JEFFREY W had sold 888 shares from its account. In a trade valued at $60,182, the President, Popeyes-US & Canada traded Restaurant Brands International Inc shares for $67.76 each. Upon closing the transaction, the insider’s holdings decreased to 888 shares, worth approximately $0.48 million.
As published in a research note from Oppenheimer on October 22, 2024, Restaurant Brands International Inc [QSR] has been retained to an Outperform and the price target has been revised to $86. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in mid June. As of November 30, 2023, Bernstein has increased its “Mkt perform” rating to a “an Outperform” for QSR. Earlier on October 19, 2023, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for QSR stock.
Analyzing QSR Stock Performance
During the last five days, there has been a drop of approximately -5.33%. Over the course of the year, Restaurant Brands International Inc shares have dropped approximately -16.14%. Shares of the company reached a 52-week high of $83.29 on 03/13/24 and a 52-week low of $65.49 on 12/19/24. A 50-day SMA is recorded $69.64, while a 200-day SMA reached $71.31. Nevertheless, trading volume fell to 1.49 million shares from 4.86 million shares the previous day.
Support And Resistance Levels for Restaurant Brands International Inc (QSR)
According to the 24-hour chart, there is a support level at 65.08, which, if violated, would cause prices to drop to 64.65. In the upper region, resistance lies at 66.36. The next price resistance is at 67.21. RSI (Relative Strength Index) is 31.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.55, which suggests the price will decrease in the coming days. Percent R is at 99.53%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
