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 trades range from $225.0 to $300.0 for McDonald's over the last 3 months. The price of MCD is currently down -0.74% at $279.66. Several experts maintain an Outperform rating on McDonald's, with price targets ranging from $330 to $345.
August 21, 2023 | 5:30 pm
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Unusual options activity observed for McDonald's, with majority investors bearish. Price targets range from $330 to $345.
The unusual options activity, with a majority of investors taking a bearish stance, could potentially lead to a decrease in McDonald's stock price in the short term. However, several experts maintain an Outperform rating on McDonald's, with price targets ranging from $330 to $345, indicating a potential increase in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100