Since Yum China (YUMC) reported worse-than-expected Q3 2023 results on Nov. 1, YUMC shares have been on a downward spiral, losing 26% of its value, and hitting a 52-week low on several occasions.
The first was Dec. 13 ($38.99), followed by a resurgence into the new year. Yesterday, it hit another 52-week low ($38.98), and as I write this early in Wednesday trading, it’s down to $38.09, setting another new low.
