Looking At McDonald's's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for McDonald's (NYSE:MCD), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is from $240.0 to $310.0. The current price of MCD is up 1.25% at $290.61. Several financial institutions have maintained their positive ratings on McDonald's, with price targets ranging from $315 to $343.
August 07, 2023 | 4:30 pm
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McDonald's has seen unusual options activity, with a majority of investors taking a bearish stance. However, several financial institutions have maintained their positive ratings on the company, with price targets above the current price.
While the bearish options activity could potentially drive the price down in the short term, the positive ratings and high price targets set by financial institutions suggest a positive outlook for the company in the longer term. Therefore, the short term impact on the stock price is uncertain.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100