McDonald's Co.

Intro

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as a breakfast menu. As of December 31, 2020, the company operated 39,198 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.

Technical Analysis

From November 24, 2021, to December 03, 2021, the share price decreased -5% in value to $244.20 due to the new covid variant Omicron. From December 03 to January 04, 2022, MCD increased 11% because the Drive-thru positions McDonald's ahead of its competition, and Omicron fears ease. From January 04, 2022, to Today the share price dropped -5.8% after U.S. Treasury yields rose on fears that the Federal Reserve will be more aggressive in its attempts to curb inflation and concerns over coronavirus.

According to the current technical indicators, the price could continue decreasing -3% to $247.78.