McDonald's Corp.MCD was a big mover last session, as the company saw its shares rise more than 8% on the day. Shares moved up after the company beat third quarter 2015 estimates on both counts. This led to solid volume too with far more shares changing hands than in a normal session. This continues the recent trend for the company as the stock is now up 13.9% in the past one-month time frame.
None of the estimates for this restaurant industry stock were revised over the past 7 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
McDonald's has a Zacks Rank #3 (Hold).
However, a better-ranked stock in the same space is Arcos Dorados Holdings Inc. Cla ARCO , sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.