McDonald's Stock Plunges into Longest Weekly Losing Streak in Over Two Decades

McDonald's stock has been in decline for eight consecutive weeks, putting it on track to post its longest weekly losing streak since the bursting of the internet bubble. The company's shares have fallen about 24% year-to-date and are currently hovering around $232 per share.

The weakness in McDonald's stock price is closely tied to its operating performance in the US market, where same-store sales growth has been sluggish. This has raised doubts about whether the company can restore its growth momentum.

McDonald's recently announced 'NEXT' strategy, which provides $8.5 billion in support to franchisees over a 10-year period, has also come under scrutiny. The funding arrangement has triggered concerns among some investors, who are worried about the impact on the company's cash flow and profitability.