McDonald's Stock Heads Toward Its Biggest-ever Price Gain

McDonald's Corp.'s stock ran up $7.18, or 7%, in morning trade Thursday, putting it on track to post the biggest-ever one-day price gain in its history, by far. The stock was also on track for a record close, after the fast-food giant reported better-than-expected third-quarter earnings, revenue and same-store sales. The second-biggest price gain was the $4.86 surge it produced on Oct. 28, 2008, amid a near 900-point run up in the Dow Jones Industrial Average off a 5 1/2-year low, followed by the $4.49 rally on Jan. 29, 2015 after the company said its CEO was retiring. On a percentage basis, the stock's rally would be the 36th-biggest, way behind the 47% jump on Sept. 25, 1984.