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Why McDonald's Stock Was Up Today

TheMotleyFool

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Shares of McDonald's (NYSE: MCD) were rising for the second day in a row as investors seemed to believe that the fast-food giant had been oversold. A number of restaurant stocks have rallied over the past two days as well.

Though there was no specific news out on McDonald's, the panic that swept the market in recent weeks seems to be fading to a degree, and investors are realizing that blue chips like the Golden Arches will survive the crisis and eventually bounce back.

McDonald's shares were up 4% as of 11:25 a.m. EDT on Friday after gaining as much as 8% earlier in the session.

Source Fool.com

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