The stock of Yum China Holdings Inc (NYSE:YUMC) hit a new 52-week high and has $41.27 target or 44.00% above today’s $28.66 share price. The 6 months bullish chart indicates low risk for the $11.44 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $41.27 price target is reached, the company will be worth $5.03 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.35 million shares traded hands. Yum China Holdings Inc (NYSE:YUMC) has risen 6.00% since October 22, 2016 and is uptrending. It has outperformed by 2.14% the S&P500.
According to Zacks Investment Research, “Yum China Holdings, Inc. is a licensee of Yum! Brands primarily in mainland China. The company have rights to KFC, China’s quick-service restaurant concept, Pizza Hut, casual dining restaurant brand and Taco Bell. Yum China Holdings, Inc. is based in Shanghai, China.”
More notable recent Yum China Holdings Inc (NYSE:YUMC) news were published by: Bizjournals.com which released: “Yum China Holdings Inc. shares up 8 percent on first day of trading” on November 01, 2016, also Marketwatch.com with their article: “Yum China started at outperform with $33 stock price target at Oppenheimer” published on November 01, 2016, Businessinsider.com published: “Yum China’s spin-off is coming” on September 21, 2016. More interesting news about Yum China Holdings Inc (NYSE:YUMC) were released by: Businesswire.com and their article: “Yum! Brands Names Expected Board of Directors of Yum China Holdings” published on September 15, 2016 as well as Streetinsider.com‘s news article titled: “Form 4 Yum China Holdings, Inc. For: Nov 11 Filed by: Hu Fred” with publication date: November 16, 2016.
YUMC Company Profile
Yum China Holdings, Inc. is a restaurant firm with approximately 7,200 restaurants. The Company’s restaurant base consists of restaurant brands, including KFC, Pizza Hut Casual Dining, Pizza Hut Home Service, East Dawning and Little Sheep. The Company’s divisions are KFC, Pizza Hut Casual Dining and All Other Segments, which include Pizza Hut Home Service, East Dawning and Little Sheep.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.