Check Out What Whales Are Doing With MCD
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on McDonald's (NYSE:MCD) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $275.0 to $305.0 for McDonald's over the last 3 months. The price of MCD is currently down -0.55% at $282.12.
August 29, 2023 | 4:31 pm
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Large investor or institution has taken a significant bearish stance on McDonald's, indicating potential downward pressure on the stock.
The unusual options activity, with 80% bearish sentiment among big-money traders, indicates that there is a significant expectation of a decrease in McDonald's stock price. This could put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100