McDonald's Shares Spike After Ackman Declines To Comment

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Shares of McDonald's Corporation MCD spiked over 2 percent after Pershing Square’s Bill Ackman declined to comment on Bloomberg TV regarding a rumored stake in the company.

Ackman felt that “if MCD was run as well as [Burger King Worldwide Inc BKW], MCD [shares] would be up more," which traders may assume to mean that Ackman sees ways to unlock value in MCD.

The action in MCD follows unusual options activity on the stock and the rumor that Ackman is seeking a REIT spin-off for McDonald’s.

McDonald's Corporation recently traded at $90.52, up 2.03 percent.

Posted In: NewsRumorsBill AckmanBloomberg TVConsumer DiscretionaryPershing SquareRestaurants
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