Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. McDonald’s Corp shares valued at $436,134 were sold by Gross Marion K. on Jan 02 ’25. At $290.95 per share, Gross Marion K. sold 1,499 shares. The insider’s holdings dropped to 1,560 shares worth approximately $0.44 million following the completion of this transaction.
Also, Ralls-Morrison Desiree sold 3,409 shares, netting a total of over 989,121 in proceeds. Following the sale of shares at $290.15 each, the insider now holds 9,675 shares.
Before that, Ralls-Morrison Desiree had sold 3,408 shares from its account. In a trade valued at $987,059, the EVP, Chief Legal Off. traded McDonald’s Corp shares for $289.63 each. Upon closing the transaction, the insider’s holdings decreased to 3,408 shares, worth approximately $1.75 million.
As published in a research note from Citigroup on January 10, 2025, McDonald’s Corp [MCD] has been rated up from a Neutral to a Buy and the price target has been revised to $334 from $311. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of October 23, 2024, Guggenheim has decreased its “Buy” rating to a “Neutral” for MCD. Earlier on October 15, 2024, Truist resumed its rating. Their recommendation was “a Buy” for MCD stock.
Analyzing MCD Stock Performance
During the last five days, there has been a drop of approximately -2.50%. Over the course of the year, McDonald’s Corp shares have dropped approximately -3.50%. Shares of the company reached a 52-week high of $295.76 on 01/02/25 and a 52-week low of $276.53 on 01/16/25. A 50-day SMA is recorded $293.19, while a 200-day SMA reached $280.11. Nevertheless, trading volume fell to 3.4 million shares from 2.87 million shares the previous day.
Support And Resistance Levels for McDonald’s Corp (MCD)
According to the 24-hour chart, there is a support level at 277.20, which, if violated, would cause prices to drop to 274.66. In the upper region, resistance lies at 281.61. The next price resistance is at 283.49. RSI (Relative Strength Index) is 32.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.88, which suggests the price will decrease in the coming days. Percent R is at 83.91%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
