TradingKey – McDonald’s stock plunges 5%, further extending this year’s losses. Will it continue to fall?

On August 23 Eastern Time, McDonald’s (MCD) faced a new round of significant selling pressure, with its stock price plunging nearly 5% intraday to a low of $234, setting a new low since October 2022. In March this year, McDonald’s stock price rose to an all-time high of $341.75 and subsequently trended downward, accumulating a 30% drop to date. So, has McDonald’s stock price bottomed out, or will it continue to fall?

Yesterday, McDonald’s hosted its Investor Day, where management presented long-term operational targets and revenue expansion expectations that were conservative relative to the market’s exceptionally high standards. This…