What the Options Market Tells Us About McDonald's
Portfolio Pulse from Benzinga Insights
Investors with significant capital have shown a bullish stance on McDonald's (NYSE:MCD) through options trading. Benzinga's options scanner detected 12 unusual trades, with a mix of 33% bullish and 25% bearish sentiment. The trades suggest a price range of $265 to $295 for McDonald's. Analysts have set an average price target of $309, with recent ratings from TD Cowen, Wedbush, BMO Capital, Guggenheim, and Baird.
May 17, 2024 | 6:45 pm
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Significant options trades detected for McDonald's (NYSE:MCD) indicate a bullish sentiment among big-money investors, with a price range of $265 to $295. Analysts have set an average price target of $309.
The detection of 12 unusual options trades, with a mix of bullish and bearish sentiment, suggests significant interest in McDonald's stock. The price range of $265 to $295 aligns with analysts' average price target of $309, indicating potential upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100