McDonald's NewsBite
Posted on September 11, 2007 at 06:09 AM EDT
McDonald’s Corp (MCD) opened at $51.01. So far today the stock has hit a low of $50.93 and a high of $51.87. MCD is now trading at $51.77, up $1.62 (3.23%). After hitting a one-year high of $53.22 in July, the stock has drooped slightly over the past six weeks. Shares are jumping this morning after the company reported an 8.1% same-store sales increase for August. Technical indicators for MCD are bearish and steady, while S&P gives the stock its highest 5 STARS (out of 5) strong buy rating. If you’re looking for a hedged play on thi...