Downgrade Pressures McDonald's Stock Lower

Group 1 - Redburn Atlantic downgraded McDonald's shares from "buy" to "sell" and reduced the price target from $319 to $260, citing weight-loss drugs like Ozempic as a significant threat to the business [1] - McDonald's shares have recently dropped to their lowest level since April, moving away from a previous attempt to break through the $320 resistance level [2] - The stock is currently testing support from the 200-day moving average, which has historically contained multiple pullbacks over the past year [2] Group 2 - Options trading volume for McDonald's is currently at double the intraday average, with 7,142 calls and 2,437 puts exchanged [3] - The June 345 call is the most active contract, indicating a trend of new positions being sold to open [3] - The 50-day put/call volume ratio for McDonald's is at 1.13, placing it in the 90th percentile of annual readings, suggesting a more pessimistic outlook among options traders [3]