Arcos Dorados Holdings (ARCO) : $0.24 million worth of transactions were on upticks in Arcos Dorados Holdings (ARCO), compared to $0.03 million on downticks. The ratio between the two was 9.17, whereas, the net money flow stood at a healthy $0.21 million on Thursdays session. The consistent buying on upticks in the stock accounted for $0.24million worth of trades. The total money flow into the stock stood at $0.24 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.42%. The stock was trading at $4.71, with a drop of $0.02 over the previous days close. The stock recorded -2.89% for the week.
Arcos Dorados Holdings (ARCO) stock is expected to deviate a maximum of $0.71 from the average target price of $4.5 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $5 and the most muted being $4. The stock has recorded a 20-day Moving Average of 2.7% and the 50-Day Moving Average is 6.77%.
Arcos Dorados Holdings (NYSE:ARCO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.69 and $4.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.86, notching a gain of 2.75% for the day. The total traded volume was 308,675 . The stock had closed at $4.73 on the previous day.
Arcos Dorados Holdings Inc. is a McDonalds franchisee. The Company, through its wholly owned and majority owned subsidiaries, operates and franchises McDonalds restaurants in the food service industry. The Company manages its business as distinct geographic segments and its operations are divided into four geographical divisions: the Brazil; the Caribbean division, consisting of Aruba, Curacao, Colombia, French Guyana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the United States Virgin Islands of Saint Croix and Saint Thomas and Venezuela; the North Latin America division (NOLAD), consisting of Costa Rica, Mexico and Panama, and the South Latin America division (SLAD), consisting of Argentina, Chile, Ecuador, Peru and Uruguay. The Company operates McDonalds-branded restaurants under two different operating formats: Company-operated restaurants and franchised restaurants. The Company operated or franchised approximately 2,121 McDonalds-branded restaurants.