Shares of McDonalds Corporation (MCD) Sees Large Outflow of Money

McDonalds Corporation (MCD) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (75.24 million) in McDonalds Corporation (MCD). On Tuesday, The value of composite uptick trades was $76.25 million, whereas, the value of composite downtick trades was $151.48 million and the ratio between the two was 0.5, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $77.78 million. The negative money flow of ($77.78 million) shows selling on strength. McDonalds Corporation (MCD) gained $0.84 intraday at $115.36 and registrered 0.73% for the week.


Also, Canaccord Genuity initiates coverage on McDonalds Corporation (NYSE:MCD). According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on August 22, 2016.

Shares of McDonalds Corp. appreciated by 0.15% during the last five trading days but lost 2.25% on a 4-week basis. McDonalds Corp. has dropped 4.72% during the last 3-month period . Year-to-Date the stock performance stands at -0.89%.

McDonalds Corporation (NYSE:MCD): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $115.41 and $114.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $115.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $115.36, notching a gain of 0.73% for the day. The total traded volume was 5,085,332 . The stock had closed at $114.52 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Mullens Brian, officer (Corp Sr Vice Pres – Controller) of Mcdonalds Corp, had unloaded 845 shares at an average price of $128.93 in a transaction dated on May 3, 2016. The total value of the transaction was worth $108,946.

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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