McDonald's Unusual Options Activity For August 25
Portfolio Pulse from Benzinga Insights
A significant bullish stance on McDonald's (NYSE:MCD) has been observed in the options market. The sentiment among big-money traders is split between 76% bullish and 23% bearish. The whales have been targeting a price range from $225.0 to $295.0 for McDonald's over the last 3 months. Analysts from TD Cowen, Wells Fargo, Stephens & Co., Baird, and Wedbush have given price targets ranging from $310 to $330.
August 25, 2023 | 4:46 pm
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POSITIVE IMPACT
Bullish activity in McDonald's options market may indicate a positive short-term impact on the stock. Analysts' price targets suggest potential upside.
The observed bullish activity in the options market often indicates a positive sentiment towards the stock. This, combined with the price targets given by analysts, suggests a potential upside for McDonald's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100