Resolution criteria
This market resolves to YES if McDonald's Corporation (NYSE: MCD) stock closes below $290.00 per share at the end of regular trading hours (4:00 PM ET) on the last trading day of April 2024. Otherwise, it resolves to NO.
Background
McDonald's stock (MCD) is currently trading around $311.82 per share (as of recent data). The stock has shown moderate volatility with a 1.39% volatility rate over the last 30 days and approximately 50% green days during that period.
Considerations
Market sentiment indicators show a mix of bullish outlook alongside a Fear & Greed Index indicating fear
Various forecasts for McDonald's stock in April show significant disagreement, with some predicting prices well below $290 and others suggesting the stock will remain above this threshold
The stock would need to decline approximately 7% from current levels to fall below $290