Stocks having Bumpy Ride for the Day: McDonald’s (NYSE:MCD), PennantPark Investment (NASDAQ:PNNT)

McDonald’s Corporation (NYSE:MCD) [Trend Analysis] retains strong position in active trade, as shares scoring -0.19% to $118.24 in a active trade session, while looking at the shares volume, about 3.35 Million shares have changed hands in this session. McDonald’s Corp. (MCD) released that it has selected Lionhorn Pte. Ltd. as the Developmental Licensee or DL for its Malaysia and Singapore markets. Lionhorn is led by Sheik Fahd and Abdulrahman Alireza, who bring 20 years of experience as the DL for the around 100 McDonald’s restaurants in the Western and Southern regions of Saudi Arabia.

The new DL assumed ownership of the McDonald’s business in Malaysia and Singapore on December 1, 2016, which comprises a total of 390 restaurants, over 80% of which were Firm-owned. Financial terms of the transaction were not revealed. Under the DL structure, McDonald’s transferred its ownership interest in McDonald’s Malaysia and Singapore and granted a license to the DL to run McDonald’s restaurant operations in these markets.

The DL partner will provide the capital necessary to support and grow the business and will pay an initial franchise fee and an ongoing royalty to McDonald’s. The firm has institutional ownership of 68.30%, while insider ownership included 0.05%. MCD attains analyst recommendation of 2.50 with week’s performance of -1.24%. Investors looking additional ahead will note that the Price to next year’s EPS is 8.83%.

PennantPark Investment Corporation (NASDAQ:PNNT) [Trend Analysis] knocking active thrust in leading trading session, shares a loss of -0.53% to 7.48 with about 281495 shares have changed hands in this session. PennantPark Investment Corporation (NASDAQ:PNNT) reported that first fiscal quarter 2017 distribution of $0.28 per share, payable on January 3, 2017 to stockholders of record as of December 22, 2016. Distributions are paid from taxable earnings and may include a return of capital and/or capital gains. The specific tax characteristics of the distribution will be reported to stockholders on Form 1099 following the end of the calendar year and in the Firm’s periodic report filed with the Securities and Exchange Commission. The stock is going forward its fifty-two week low with 82.31% and lagging behind from its 52-week high price with -6.48%.

Same, the positive performance for the quarter recorded as -3.58% and for the year was 23.41%, while the YTD performance remained at 37.17%. PNNT has Average True Range for 14 days of 0.21.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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