McDonald's Shares Just Spiked
Shares of McDonald's have spiked in afternoon trade.
Shares of the fast food giant were up as much as 2.5% in afternoon trade, but quickly surged those highs within the last half hour, an unusual move for a company so large and stock that is so liquid.
Some on Twitter are speculating that activist investor Carl Icahn has taken a stake in the company, but this is isolated and completely unconfirmed.
On Twitter, Mike Bergen at Bergen Capital tweeted the cryptic:
Meanwhile Eric Hunsader of Nanex, LLC has also noted Monday's action in McDonald's, writing on Twitter that only 20% of volume in the stock today has taken place on "lit" exchanges with 80% of trades taking place in dark pools.
Here's a chart of Monday's action in McDonald's shares.
Google Finance
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas