Why McDonald's Shares May Fall Further
Shares of the fast food company fell by more than 1% on Tuesday.
Shares of the fast food company were lower Tuesday. TheStreet's Gary Morrow says that McDonald's (MCD) - Get Report stock was due for a pullback as it approached the $124 range last year and faded badly on Friday after gaining in the post-election rally.
Morrow is keeping an eye out for a trading zone between $119.20 and $118.
TheStreet's Brian Sozzi says that McDonald's was one of the worst-performing components of the Dow Jones Industrial Average, mostly due to slowing sales in the U.S. market last year, rising 3% to $121.72.
