McDonald’s crazy win streak could be coming to an end

McDonald’s stock has been on fire recently.

The fast-food chain has gained ground for 21 consecutive weeks, riding the momentum of its new Big Macs and all-day breakfast, which helped pushed up US sales by 1.7% in the first quarter. It beat analyst forecasts for earnings per shares by $0.13 at $1.47.

However, that streak appears to be in jeopardy. McDonald’s share price fell Monday and Tuesday, and is little changed on Wednesday. Shares are down about 1.6% so far this week. They’ve gained 26.41% since the streak began.

Quant trader Michael Harris was the first to point out the trend.

To check the live price of McDonald’s shares, click here…

source
Markets Insider