The stock of Yum China Holdings Inc (NYSE:YUMC) reached all time high today, Nov, 22 and still has $31.21 target or 4.00% above today’s $30.01 share price. This indicates more upside for the $11.77 billion company. This technical setup was reported by Barchart.com. If the $31.21 PT is reached, the company will be worth $470.80M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 4.28 million shares traded hands. Yum China Holdings Inc (NYSE:YUMC) has risen 6.00% since October 23, 2016 and is uptrending. It has outperformed by 1.44% 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.
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