![]() ![]() This article was generated by Benzinga's automated content engine and was reviewed by an editor. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.Īccording to Benzinga Pro, Truist Finl's peer group average for short interest as a percentage of float is 5.30%, which means the company has less short interest than most of its peers.ĭid you know that increasing short interest can actually be bullish for a stock? This post by Benzinga Money explains how you can profit from it. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. 'Truist Advisors' may be officers and/or associated persons of the following affiliates of Truist Financial Corporation: Truist Bank, our commercial bank, which provides banking, trust and asset management services Truist Investment Services, Inc. Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. Comparing Truist Finl's Short Interest Against Its Peers This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted. CNBC's Michael Bloom contributed to this report.As you can see from the chart above the percentage of shares that are sold short for Truist Finl has declined since its last report. McDonald's shares have advanced nearly 12% this year, underperforming the S & P 500. Of eight chains, data shows just two, Wendy's and Chipotle, could see slight misses on sales forecasts, he wrote. Bartlett said Truist data shows multiple other chains also beating expectations for sales in the latest quarter amid surging demand. One popular trend, taken up by both everyday users and well-known internet personalities such as Trisha Paytas, involves creators drinking the shake before pretending to be dead or injured with the liquid spewing out of their mouths. On TikTok, videos with the hashtags #Grimace and #Grimaceshake in the captions have each been seen a total of 2.7 billion times. "We believe MCD US SSS momentum is being driven by strong marketing (including the successful 'Grimace Birthday Meal' launched 6/12, which went viral on social media) and strong operations as staffing improves," Bartlett said. A highlight of the meal for customers - and the centerpiece of a social media craze - was a purple-colored, berry-flavored milkshake. That's due in part to the success of the Grimace meal, a limited-time menu item launched last month that centered around the fast-food chain's furry, purple monster, first introduced in the early 1970s. McDonald's is due to report results July 27. Bartlett's new target, issued in a note to clients Monday, implies the stock could rise almost 14% from Monday's close. Analyst Jake Bartlett raised his price target on McDonald's, which he rates a buy, to $335 from $327 previously. Truist anticipates system sales and same-store sales to come in higher than Wall Street's consensus. Credit card data from Truist pointed to a slight acceleration into the end of the second quarter and the potential to beat analyst sales and profit expectations. The social media success of the McDonald's Grimace-themed birthday meal could be good news for the fast-food chain's earnings and share price, according to Truist. ![]() Personal Loans for 670 Credit Score or Lower ![]() Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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