McDonald's has recently encountered multiple setbacks that have significantly affected the company's stocks. Insiders
sold around US$12m of shares, a possible signal for caution.
Earnings are set to come up next week, but the Dow has seen a drop of 250 points mainly due to McDonald's. The primary reason for the tumble is an
E. Coli outbreak linked to Quarter Pounders, which has led to a severe
drop in stock value, making it one of McDonald's worst days since March 2020. As a result, investors are consulting expert advice on whether to buy, hold or sell stocks ahead of Q3 earnings. The
CDC reported an outbreak linked to Quarter Pounders, which further sent the company's stocks sinking. Amid these developments, McDonald's US head vowed to improve safety, and more cases are still expected. Additionally, analysts have noted that this outbreak poses a 'significant' threat prompting a downgrade of the company's stocks. However, a one-off report noted
stocks jumped 24% in 3 months. Understanding the situation and predicting the future of McDonald’s stocks has become a task demanding expert scrutiny.
Mcdonalds Stocks News Analytics from Tue, 09 Jul 2024 07:00:00 GMT to Sat, 26 Oct 2024 00:57:21 GMT -
Rating -7
- Innovation -2
- Information 6
- Rumor -3
