McDonald's Unusual Options Activity For March 19
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown unusual options activity on McDonald's (NYSE:MCD), with a bearish sentiment prevailing despite a split among traders. Benzinga's options scanner revealed 11 significant trades, indicating a targeted price range of $270.0 to $295.0 for MCD over the last 3 months. The current market standing of McDonald's shows a slight price decrease with a neutral RSI, and an earnings announcement is expected in 35 days. Analyst ratings from TD Cowen have recently lowered to Outperform with a target price of $325.
March 19, 2024 | 4:46 pm
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McDonald's has seen unusual options activity with a bearish sentiment among high-rolling investors, despite a split in trader sentiment. The stock's current market position is slightly down with a neutral RSI, and an earnings announcement is expected soon. Analyst ratings have been adjusted to Outperform with a target price of $325.
The bearish options activity could indicate insider knowledge or speculation on McDonald's future performance, potentially impacting short-term stock price movements. However, the mixed sentiment among traders and the recent downgrade by TD Cowen to Outperform with a target price of $325 suggests a cautious outlook. The upcoming earnings announcement adds uncertainty, making it difficult to predict the stock's short-term direction confidently.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100