Restaurant Brands International (QSR) : The total money flow in Restaurant Brands International (QSR) was negative ($2.05 million), showing the domination of sellers in the Tuesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $2.18 million. Transactions on upticks were comparatively lower at $0.12 million. The uptick to downtick ratio was 0.06. The total block trades on downticks were valued at $1.98 million. The money flow during block trades was negative ($1.98 million) when the stock traded with a gain of $23 cent. Restaurant Brands International (QSR) was $47.41, an increase of 0.49% over the previous days close.
Also, Major Brokerage house, OTR Global upgrades its ratings on Restaurant Brands International (NYSE:QSR). According to the latest information available, the shares are now rated Positive by the analysts at the agency. Previously, the analysts had a Mixed rating on the shares. The rating by the firm was issued on July 18, 2016.
Restaurant Brands International Inc. has dropped 1.41% in the last five trading days, however, the shares have posted positive gains of 4.44% in the last 4 weeks. Restaurant Brands International Inc. is up 13.72% in the last 3-month period. Year-to-Date the stock performance stands at 26.77%.
Restaurant Brands International (NYSE:QSR): The stock opened at $47.54 on Tuesday but the bulls could not build on the opening and the stock topped out at $47.61 for the day. The stock traded down to $46.79 during the day, due to lack of any buying support eventually closed down at $47.00 with a loss of -0.38% for the day. The stock had closed at $47.18 on the previous day. The total traded volume was 430,287 shares.
In a related news, Hedayat Ali, director of Restaurant Brands International Inc., had purchased 5,000 shares on August 11, 2016. The total value of the transaction was $238,650. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Restaurant Brands International Inc is the parent company for Tim Hortons Inc. and Burger King Worldwide, Inc. The Company operates more than 18,000 restaurants operating in 100 countries under its two distinct brands. Tim Hortons operates restaurant chains in North America and Canada. Operating in the quick service segment of the restaurant industry, Tim Hortons menu includes premium coffee, hot and cold specialty drinks (including lattes, cappuccinos and espresso shots), specialty teas and fruit smoothies, fresh baked goods, grilled Panini and classic sandwiches, wraps, soups, prepared foods and other food products. As of September 28, 2014, Tim Hortons had 4,590 system wide restaurants, including 3,665 in Canada, 869 in the United States and 56 in the Gulf Cooperation Council. BURGER KING is a fast food hamburger chain. The BURGER KING system operates in approximately 14,000 locations serving more than 11 million guests daily in 100 countries and territories globally.