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McDonald's Plummets 24% YTD Amid Record Weekly Loss Streak

Guavy AI Editorial Team
Instruments
MCD
Share

McDonald's shares have taken a hit in recent months, down by a significant 24% year-to-date. The company is poised to enter its eighth consecutive week of declines, setting a record for its longest streak of weekly losses since the bursting of the dot-com bubble.

The news has sparked market concerns over McDonald's new $8.5 billion strategy, which may be contributing to the decline in shares. Despite this, analysts note that the company is showing moderately bullish activity with shares up 0.24%.

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