Is Losing Ground On Weak November Sales

09-Dec-2014 - USA

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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