Check Out What Whales Are Doing With MCD
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on McDonald's (NYSE:MCD), with 72% of the detected trades being bearish. The total amount for puts is $343,970 and for calls is $217,905. Whales have been targeting a price range from $240.0 to $260.0 for McDonald's over the last 3 months. The current price of MCD is $252.0, up 0.83%. Analysts have mixed ratings with price targets ranging from $283 to $355.
October 10, 2023 | 2:46 pm
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A significant investor has taken a bearish stance on McDonald's. The total amount for puts is $343,970 and for calls is $217,905. Analysts have mixed ratings with price targets ranging from $283 to $355.
The bearish stance by a significant investor, indicated by the higher number and value of puts, could potentially drive the stock price down in the short term. However, the mixed analyst ratings and price targets suggest uncertainty about the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100