McDonald’s Corporation ended Friday at $274.60, down 2.1% for the week. Shares are just 3.8% off the 52-week low, while the S&P 500 gained 1.2%. MCD fell in four of the past five sessions. Friday’s trading volume came in at 2.98 million shares, around 32% lighter than the week’s 4.35 million daily average.
NEW YORK — The Dow Jones Industrial Average heads into the July 4 break at a record, but action below the surface is not as solid as the close looks. The NYSE counted Friday, July 3, as the holiday, so last cash trading was Thursday.
McDonald’s is pushing chicken, automation, and a bigger effort on social-media marketing in a new corporate plan. The company is betting this mix will help bring in more budget-minded diners as the scramble over value and food quality heats up.
McDonald’s Corp shares slipped for the week, despite gaining a bit on Friday, as traders weighed the company’s value efforts up against weaker consumer trends. U.S. stock markets stayed closed Saturday and again on Monday for Memorial Day. Regular NYSE hours are 9:30 a.m. to 4:00 p.m. ET.
McDonald’s Corp. shares are up this week heading into the U.S. holiday weekend, but Friday’s decline leaves the stock still facing pressure. Investors got a new dividend declaration and a bounce in restaurant sales, but questions about U.S. store margins remain.
McDonald’s Corp. ended Friday at $276.39, up 0.52% for the day. Shares saw the week’s low at $271.98, which is also the bottom of McDonald’s latest 52-week range. U.S. stock markets are closed on weekends. The NYSE and Nasdaq trade Monday to Friday, 9:30 a.m. to 4 p.m. ET.
McDonald’s finds itself in a classic spot for a defensive name—solid results, shares still under pressure. Stock was trading at $274.60 early Tuesday, down 0.4%. The move tracked JPMorgan’s decision to drop its price target to $305 from $325, though analysts stuck with an Overweight call.
The Dow Jones Industrial Average barely budged Friday, eking out a 0.02% gain to close at 49,609.16. Blue chips found some footing after a solid U.S. jobs report, but tech stocks dominated the action. The S&P 500 climbed 0.84% to 7,398.93, while the Nasdaq Composite surged 1.71% to 26,247.08.
McDonald’s topped forecasts for revenue and adjusted profit in the first quarter, crediting value deals and new menu items. Still, U.S. same-store sales growth landed below analyst expectations, and global comps narrowly missed a few estimates.
Wall Street heads into the week of May 4 with both the S&P 500 and Nasdaq sitting at fresh record closes, leaving Friday’s April payrolls report and a fresh batch of earnings set to challenge a rally driven by tech outperformance. On Friday, the S&P 500 and Nasdaq closed higher, but the Dow edged down after a flood of earnings reports helped investors set aside concerns about oil prices, at least for now.
McDonald’s Corporation dropped 2.37% Friday, settling at $286.64. Shares now sit more than 16% off the March 2 peak, just ahead of a first-quarter report that could put its U.S. value strategy to the test. The stock lagged behind rivals Starbucks and Yum Brands in a choppy session; Chipotle slid even further. Trading volume for McDonald’s came in well above its 50-day average.
Shares of McDonald’s Corporation dropped 2.37% to end at $286.64 on Friday, lagging behind most restaurant stocks. Investors are eyeing next week’s earnings along with a new U.S. beverage launch, which the burger giant hopes will spark fresh growth. Starbucks finished higher, and Yum Brands declined, but by a smaller margin.
McDonald’s plans to introduce six specialty drinks nationwide on May 6, adding Refreshers and crafted sodas to its menu for good. The burger giant is betting that expanding its drink lineup will help pull in more customers.
McDonald’s dropped almost 3% Monday after Erste Group knocked its rating down to Hold from Buy, a move that cast a shadow over a week when the company’s banking on yet another pop-culture tie-in to draw traffic. Shares last traded at $291.08, off $8.28 from the previous close.
McDonald’s Corp ended Friday off 1.4% at $327.58, after touching an intraday peak near $335.5. Shares dipped as low as around $326.6, with volume reaching approximately 3.6 million shares.
McDonald’s closed out Friday at $327.58, slipping 1.36% after trading as low as $326.53 and topping out at $335.67 earlier in the day. That drop reversed part of Thursday’s 2.74% jump, which left the stock at $332.08.
Shares of McDonald’s Corp fell 1.4% to $327.58 in after-hours trading Friday. Earlier in the day, the stock traded from $326.57 up to $335.51. Volume was about 3.6 million shares.
McDonald’s climbed 2.5% to $331.22 in Thursday afternoon trading, defying the broader market’s slide. The fast-food giant topped quarterly sales forecasts, thanks to value meals and ongoing promotions.