Smart Money Is Betting Big In MCD Options
Portfolio Pulse from Benzinga Insights
Investors are showing a bullish stance on McDonald's (NYSE:MCD) through options trading, with a significant number of call options being purchased. The price range targeted by these trades is between $280 and $305. Analysts have set a price target of $340, with some maintaining a Buy rating. McDonald's stock is currently trading at $291.52, up by 1.23%.
September 06, 2024 | 6:02 pm
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Significant options trading activity in McDonald's (MCD) suggests a bullish sentiment, with a focus on a price range of $280 to $305. Analysts have set a price target of $340, indicating potential upside.
The large volume of call options and the bullish sentiment from analysts suggest a positive outlook for McDonald's stock. The targeted price range and analyst price targets indicate potential for price appreciation.
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