McDonalds (MCD), t he franchise food chain, is planning to buyback about 10% of its shares outstanding in a strategy to stabilize MCD shares at a time of flat profits and slowing fast-food revenues in soft economies round the globe.
Before that, a sell-off that sent MCD lower for five out of six sessions in mid-February anticipated a move higher of more than 2%, as the stock finished higher for the next five consecutive days.