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Pompano Beach, FL -- (SBWIRE) -- 02/05/2013 -- Among the bearish runners one of the component was Yum Brands, as shares of KFC and Pizza Hut parent company were below the trend line with negative change of almost -3% in early hours.
KFC parent firm Yum Brands (NYSE:YUM) anticipates an issue over its chicken suppliers in China to disturb its first-quarter earnings per share almost 25 percent, but the firm stated that it intends to move ahead with its growth in the country.
Where YUM is Headed Exactly? Find out in This Trend Analysis Reports
The firm, which also possesses Pizza Hut and Taco Bell, has been twirling from the chicken supplier problem since December news on Chinese television. The report mentioned that suppliers had been overlooking principles and providing chickens unaccepted amounts of antibiotics.
On Thursday, Yum cautioned that a major sales figure would decline by almost 25 percent in China in the initial quarter. For the 4Q, the figure plunged back 6 percent.
At the current trading session, Yum! Brands, Inc. (NYSE:YUM) shares are down -2.67% to $62.23 while the stocks are trading within the range of $59.68 – $62.62. In the past year, the stock has traded within a range of $59.68 – $74.75. Average daily trading volume is 5.35 million shares.
Is it the Right to Grab YUM after the Recent Slump? Get Free Trend Analysis Here
If we look at a few other stocks within industry, Denny's Corporation, The Cheesecake Factory Incorporated and Chipotle Mexican Grill, Inc. are in the gainers list. Let’s have a quick look on their Market performance.
Denny's Corporation (NASDAQ:DENN) shares are up +5.07% to $5.23 while the stock is trading within the range of $5.09 – $5.25 in the current trading session. In the last 12 months the shares have traded between $3.79 and $5.39. The average daily trading volume is 509,688 shares.
For How Long DENN will Fight for Profitability? Read This Trend Analysis report
The Cheesecake Factory Incorporated (NASDAQ:CAKE) shares in the current session moved up +1.43% reaching $34.02. The stocks are trading in a range of $33.53 – $34.07. In the last year the stock has moved within a range of $25.58 – $36.24. The Company’s average daily trading volume is 693,359 shares.
Will CAKE Continue To Move Higher? Find Out Here
Another rival company, Chipotle Mexican Grill, Inc. (NYSE:CMG), is trading up +0.23% to $310.91. Intraday trading recorded the stock price in a range of $307.21 to $311.80. In the previous 52 weeks the stock’s price ranged between $233.82 and $442.40. Their average daily trading volume is 613,673 shares.
For How Long CMG’s Gloss will Attract Investors? Find out via this report
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