Recent extremely meaningful positive changes in investment behavior have benefitted McDonald’s Corp (NYSE: MCD): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
McDonald’s Corp (NYSE: MCD) has recently enjoyed small positive changes in fundamentals: significant quarterly earnings acceleration occurred.
The stock is currently unrated.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, MCD is expected to be an important Value Eraser.
McDonald’s is currently unrated.
Recent Price Action
McDonald’s Corp (NYSE: MCD) stock enjoyed a large increase of 3.0% on 8/2/24. The stock closed at $276.69. Moreover, exceptionally high trading volume at 229% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 10.0% during the last week.
Be the first to comment