McDonald's Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on McDonald's (NYSE:MCD) as indicated by unusual options activity. The sentiment among big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $275.0 to $320.0 for McDonald's over the last 3 months. The current price of MCD is down -0.7% at $291.97. Several financial institutions have maintained their positive ratings on McDonald's with price targets ranging from $310 to $330.
July 31, 2023 | 5:31 pm
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Unusual options activity indicates a bearish stance on McDonald's. The sentiment among big-money traders is 66% bearish. Several financial institutions have maintained their positive ratings on McDonald's with price targets ranging from $310 to $330.
The unusual options activity indicates that big-money traders are taking a bearish stance on McDonald's, which could potentially drive the stock price down in the short term. However, several financial institutions have maintained their positive ratings on McDonald's, which could counteract the bearish sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100