Looking At McDonald's's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on McDonald's (NYSE:MCD) as observed from unusual options activity. The overall sentiment of these big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $220.0 to $300.0 for McDonald's over the last 3 months. The price of MCD is currently down -0.76% at $267.72. Analysts from Truist Securities, Tigress Financial, Wells Fargo, and TD Cowen have maintained or adjusted their ratings and price targets for McDonald's.
September 26, 2023 | 8:45 pm
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Unusual options activity indicates a bearish stance on McDonald's. The price of MCD is currently down -0.76% at $267.72. Analysts have maintained or adjusted their ratings and price targets for McDonald's.
The bearish stance observed in the options activity indicates that traders expect the price of McDonald's to decrease. This, combined with the current price decrease of -0.76%, could lead to a short-term negative impact on the stock. Additionally, the adjustments in ratings and price targets by analysts could also influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100