Why Arcos Dorados Holdings Inc. Gained 18% Last Month
Shares of Arcos Dorados Holdings Inc. (NYSE: ARCO) jumped again last month, gaining on a strong earnings report for its franchisor and on anticipation of its own second-quarter earnings report.
Image source: McDonald's.
According to data from S&P Global Market Intelligence, the stock finished July up 18%. The chart below shows the stock's steady gains over the course of the month.
Source: Fool.com
McDonalds Corp. Stock
€231.75
-0.150%
The stock is one of the favorites of our community with 57 Buy predictions and 1 Sell predictions.
As a result the target price of 292 € shows a positive potential of 26.0% compared to the current price of 231.75 € for McDonalds Corp..
