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MCD Could Drop to $250

Written By: ChartChamp

October 23, 2024

Yesterday we received terrible news for MCD stock. McDonald’s experienced an E. coli break that resulted in 1 death and numerous hospitalizations. I expected MCD stock to drop a lot more, and I remember that Chipotle’s stock took a beating after they experienced an E. coli outbreak. I think MCD is holding up surprisingly well so far with investors buying up the dip today. However, I think this news could hurt MCD for the next few weeks and months due to bad publicity and lower sales. If MCD continues to decline I have $246 – $250 as a key buy level.

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