MCD Has Been Seeing Unusual Volumes In Options Trading

MCD
MCD

The stocks of MCD have seen some unusual volumes in options trading, according to multiple reports, last Thursday. According to the same report, most of the stock traders have purchased close to 56,000 call options on the stocks of this company. This indicates an increase of about 1,396% which is quite a lot more than the usual volume of 3,756 call options. 

The Stock Commentary of MCD

There have been quite a few research equities that have commented on the stocks of MCD. Wells Fargo & Company has already increased the price rating of the company to overweight in a 22nd February research report. Credit Suisse Group has increased the price target of the company from $238 to $261 with a rating of outperform in a 6th May research report. Argus has also increased the price target of the company from $245 to $260 with a rating of buy in a 6th May research report.

KeyCorp has also increased the price target of the company from $235 to $265 with a rating of overweight in a 6th May research report. In the end, Wedbush decided to increase the price target of the company from $255 to $260 with a rating of outperform in a 6th May research report. 

Eight of the investment analysts have already issued the company with a rating of hold, while twenty-three others have issued the company with a rating of buy. Currently, MCD has a buy rating with a $243.48 price target. 

The stocks of MCD traded on Friday at $233.80. The year low of the company is $178.88, with the year high of $238.18. The moving average price of the company over a period of 50 days is $232.82, with the moving average price of the company over 200 days is $243.48. 

MCD previously announced its quarterly earnings on the 29th of April. The EPS reported by the company during this period was $1.92, which was more than the consensus estimate of $1.81.

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