In a filing, McDonald’s Corp revealed its President, McDonald’s USA Erlinger Joseph M. unloaded Company’s shares for reported $84225.0 on Jan 23 ’25. In the deal valued at $280.75 per share,300 shares were sold. As a result of this transaction, Erlinger Joseph M. now holds 7,887 shares worth roughly $2.28 million.
Then, JOSEPH ERLINGER bought 300 shares, generating $84,405 in total proceeds.
Before that, Gross Marion K. sold 1,499 shares. McDonald’s Corp shares valued at $436,134 were divested by the EVP-Chief Supply Chain Officer at a price of $290.95 per share. As a result of the transaction, Gross Marion K. now holds 1,560 shares, worth roughly $0.45 million.
Citigroup upgraded its McDonald’s Corp [MCD] rating to a Buy from a a Neutral in a research note published on January 10, 2025; the price target was increased to $334 from $311. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in late October from “an Outperform” to “a Neutral”. Guggenheim also remained covering MCD and has decreased its forecast on October 23, 2024 with a “Neutral” recommendation from previously “Buy” rating. Truist maintained its rating on October 15, 2024. It rated MCD as “a Buy”.
Price Performance Review of MCD
On Friday, McDonald’s Corp [NYSE:MCD] saw its stock fall -0.56% to $288.70. Over the last five days, the stock has gained 1.14%. McDonald’s Corp shares have fallen nearly -0.41% since the year began. Nevertheless, the stocks have fallen -2.02% 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 01/16/25. SMA at 50 days reached $291.22, while 200 days put it at $280.96.
Levels Of Support And Resistance For MCD Stock
The 24-hour chart illustrates a support level at 286.95, which if violated will result in even more drops to 285.20. On the upside, there is a resistance level at 290.85. A further resistance level may holdings at 293.00. The Relative Strength Index (RSI) on the 14-day chart is 50.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.32, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.24%. Stochastics %K at 73.39% 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 2025-01-15, growing by 0.66 million shares to a total of 9.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 9.0 million shares. There was a rise of 6.84%, which implies that there is a positive sentiment for the stock.
