This Is What Whales Are Betting On McDonald's
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on McDonald's (NYSE:MCD) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 60% bullish and 40% bearish. The whales have been targeting a price range from $255.0 to $320.0 for McDonald's over the last 3 months. The current price of MCD is down -0.34% at $279.99.
September 05, 2023 | 4:30 pm
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Unusual options activity indicates a significant bullish stance on McDonald's. The targeted price range is $255.0 to $320.0.
The unusual options activity, with a majority being bullish, indicates that large investors are expecting the price of McDonald's to increase. This could potentially drive the stock price up in the short term.
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