McDonald's Stock Is Tumbling Wednesday: Here's Why
Portfolio Pulse from Adam Eckert
McDonald's shares are under pressure due to an E. coli outbreak linked to its hamburgers, resulting in multiple analyst downgrades and a 4.24% drop in stock price.
October 23, 2024 | 3:59 pm
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McDonald's is experiencing a stock decline due to an E. coli outbreak linked to its hamburgers, leading to analyst downgrades and a halt in certain product sales.
The E. coli outbreak has directly impacted McDonald's operations, leading to a halt in sales of certain products and analyst downgrades. This has caused a significant drop in stock price, indicating a negative short-term impact.
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