Is Losing Ground On Weak November Sales
McDonald's Corp. (MCD) announced Monday morning that global comparable sales for the month of November declined 2.2 percent. Looking ahead to the fourth quarter, McDonald's forecast negative top-line performance to significantly pressure company-operated and franchised margins.
McDonald's gapped open sharply lower this morning and is now down 3.07 at $93.24. The stock has dropped to a 1-month low and has slipped beneath its 50-day moving average. (dpa)
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