McDonalds Corporation (MCD) : During the past 4 weeks, traders have been relatively bearish on McDonalds Corporation (MCD), hence the stock is down -10.67% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.74% relative to the S&P 500. The 4-week change in the price of the stock is -10.33% and the stock has fallen -3.77% in the past 1 week.
McDonalds Corp. has dropped 5.47% during the last 3-month period . Year-to-Date the stock performance stands at -1.19%. The stock has recorded a 20-day Moving Average of 3.74% and the 50-Day Moving Average is 4.97%.
McDonalds Corporation (NYSE:MCD): The stock opened at $116.80 on Friday but the bulls could not build on the opening and the stock topped out at $116.80 for the day. The stock traded down to $115.00 during the day, due to lack of any buying support eventually closed down at $115.01 with a loss of -1.81% for the day. The stock had closed at $117.13 on the previous day. The total traded volume was 7,065,676 shares.
Also, Brokerage firm Argus Research downgrades its rating on McDonalds Corporation (NYSE:MCD). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 15, 2016.
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.