Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
McDonald's Corporation (NYSE: MCD) shares were trading higher by $1.00 at $99.91 in Monday's session. It has gained $11.00 since announcing a change in leadership on January 28. It should be noted that the increase would be closer to $12.00, but the issue went ex-dividend on February 26 for $0.85.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
McDonald's on Monday morning was back over $100.00 for the first time since July 2014, when it began the month at $100.74 but slipped to $94.56 by month-end. The all-time high was made in April 2013 at $103.70. It reached its lowest level in two years when it bottomed at $87.62 in December, but quickly rebounded back over $90.00.
For the most part, the issue has been in a $90.00-$100.00 trading range since November 2011. McDonald's and other fast-food restaurants could be reaping the benefits of lower gas prices, as consumers are utilizing their savings at the pump to eat out on a more regular basis.
The last price it closed over the psychological $100.000 barrier was on July 15, when it ended the session at $100.30.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.