YUMC - Yum China Holdings Jumps Over 14% - What's Going On? | Benzinga
Yum China Holdings, Inc. (NYSE:YUMC) shares are rising over 14% in the premarket session on Wednesday.
Yesterday, the company reported solid fourth-quarter results and announced $1.25 billion in stock buy-back.
The fourth quarter results have indeed been a strong trigger for the share price upswing for the largest restaurant chain in China, as the company lost 38% in the last one year.
The board also declared a 23% increase in cash dividend ...