McDonald’s Corp’s recently made public that its EVP-Chief Supply Chain Officer Gross Marion K. unloaded Company’s shares for reported $0.44 million on Jan 02 ’25. In the deal valued at $290.95 per share,1,499 shares were sold. As a result of this transaction, Gross Marion K. now holds 1,560 shares worth roughly $0.46 million.
Then, Ralls-Morrison Desiree sold 3,409 shares, generating $989,121 in total proceeds. Upon selling the shares at $290.15, the EVP, Chief Legal Off. now owns 9,675 shares.
Before that, Ralls-Morrison Desiree sold 3,408 shares. McDonald’s Corp shares valued at $987,059 were divested by the EVP, Chief Legal Off. at a price of $289.63 per share. As a result of the transaction, Ralls-Morrison Desiree now holds 6,267 shares, worth roughly $1.85 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 Friday, McDonald’s Corp [NYSE:MCD] saw its stock jump 0.78% to $294.78. Over the last five days, the stock has lost -0.01%. McDonald’s Corp shares have risen nearly 1.69% since the year began. Nevertheless, the stocks have risen 0.13% over the past one year. While a 52-week high of $317.90 was reached on 01/02/25, a 52-week low of $243.53 was recorded on 01/02/25. SMA at 50 days reached $294.90, while 200 days put it at $279.98.
Levels Of Support And Resistance For MCD Stock
The 24-hour chart illustrates a support level at 292.00, which if violated will result in even more drops to 289.22. On the upside, there is a resistance level at 296.26. A further resistance level may holdings at 297.74. The Relative Strength Index (RSI) on the 14-day chart is 51.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.21%. Stochastics %K at 28.16% 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 2024-12-13, growing by 21729.0 shares to a total of 9.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 8.98 million shares. There was a rise of 0.24%, which implies that there is a positive 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.
