Looking At McDonald's's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for McDonald's (NYSE:MCD), with 60% of investors taking a bullish stance and 40% bearish. The targeted price range for McDonald's over the last 3 months has been between $160.0 and $300.0. The current price of MCD is up 0.66% at $249.94. Analysts from Morgan Stanley, Truist Securities, Stephens & Co., TD Cowen, and Citigroup have maintained or downgraded their ratings on McDonald's, with price targets ranging from $283 to $340.
October 16, 2023 | 8:15 pm
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NEUTRAL IMPACT
Unusual options activity and analyst ratings could influence McDonald's stock price. The bullish stance of 60% of investors and the maintained or downgraded ratings from analysts suggest a mixed short-term impact.
The unusual options activity indicates a significant interest in McDonald's stock, which could lead to increased volatility. The mixed analyst ratings, with some maintaining and others downgrading their stance, could create uncertainty among investors, potentially affecting the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100