McDonalds Corporation (MCD) Shares are Up 1.33%

McDonalds Corporation (MCD) has been under a strong bear grip, hence the stock is down -4.12% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.9% in the past 1 week. The stock has risen by 1.33% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.73% in the past 4 weeks.

McDonalds Corporation (NYSE:MCD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $118.78 and $118.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $119.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $119.21, notching a gain of 0.77% for the day. The total traded volume was 3,883,771 . The stock had closed at $118.30 on the previous day.

The stock has recorded a 20-day Moving Average of 2.48% and the 50-Day Moving Average is 2.06%. McDonalds Corp. has dropped 8.04% during the last 3-month period . Year-to-Date the stock performance stands at 2.42%.

McDonalds Corporation (MCD) : The highest level McDonalds Corporation (MCD) is projected to reach is $143 for the short term and the lowest estimate is at $95. The consolidated price target from 16 rating analysts who initiate coverage on the stock is $128.75 and the possibility the share price can swing is $13.23.


McDonalds Corporation operates and franchises McDonalds restaurants. McDonalds global system comprises both Company-owned and franchised restaurants. The Company manages its business as distinct geographic segments: the United States (U.S.); Europe, and Asia/Pacific, Middle East and Africa (APMEA). The Companys operations in Canada and Latin America, as well as its Corporate activities are reported under Other Countries & Corporate. The Companys restaurants offer a substantially uniform menu, including hamburgers and cheeseburgers, Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, several chicken sandwiches, Chicken McNuggets, wraps, French fries, salads, oatmeal, shakes, McFlurry desserts, sundaes, soft serve cones, pies, soft drinks, coffee, McCafe beverages and other beverages. McDonalds franchised restaurants are owned and operated under one of the following structures: conventional franchise, developmental license or affiliate.

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