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McDonald's (MCD) in Focus: Stock Moves 6.3% Higher

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McDonald's Corporation MCD was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $162.97 to $169.83 in the past one-month time frame.

The move came after the company reported solid third-quarter 2018 results.

The company has seen five negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

McDonald’s currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

McDonald's Corporation Price

McDonald's Corporation Price
McDonald's Corporation Price

McDonald's Corporation price | McDonald's Corporation Quote

A better-ranked stock in the Retail – Restaurants industry is Good Times Restaurants Inc. GTIM, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is MCD going up? Or down? Predict to see what others think: Up or Down

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Good Times Restaurants Inc. (GTIM) : Free Stock Analysis Report
 
McDonald's Corporation (MCD) : Free Stock Analysis Report
 
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