McCormick & Co., Inc.’s filing revealed that its Director LITTLE PATRICIA A unloaded Company’s shares for reported $1.51 million on Apr 01 ’24. In the deal valued at $75.57 per share,20,000 shares were sold. As a result of this transaction, LITTLE PATRICIA A now holds 24,732 shares worth roughly $1.78 million.
Then, Montiel Maritza Gomez sold 7,000 shares, generating $538,986 in total proceeds. Upon selling the shares at $77.00, the Director now owns 5,594 shares.
Before that, MANGAN MICHAEL D sold 5,000 shares. McCormick & Co., Inc. shares valued at $325,996 were divested by the Director at a price of $65.20 per share. As a result of the transaction, MANGAN MICHAEL D now holds 39,181 shares, worth roughly $2.81 million.
Argus upgraded its McCormick & Co., Inc. [MKC] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early February with a ‘”a Sell”‘ rating. Consumer Edge Research also remained covering MKC and has decreased its forecast on January 22, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. HSBC Securities started covering the stock on September 22, 2023. It rated MKC as “a Hold”.
Price Performance Review of MKC
On Tuesday, McCormick & Co., Inc. [NYSE:MKC] saw its stock fall -0.15% to $71.80. Over the last five days, the stock has lost -5.06%. McCormick & Co., Inc. shares have risen nearly 4.94% since the year began. Nevertheless, the stocks have fallen -15.52% over the past one year. While a 52-week high of $94.39 was reached on 04/02/24, a 52-week low of $59.13 was recorded on 01/18/24. SMA at 50 days reached $69.98, while 200 days put it at $72.58. A total of 1.2 million shares were traded, compared to the trading of 1.91 million shares in the previous session.
Levels Of Support And Resistance For MKC Stock
The 24-hour chart illustrates a support level at 71.50, which if violated will result in even more drops to 71.20. On the upside, there is a resistance level at 72.28. A further resistance level may holdings at 72.77. The Relative Strength Index (RSI) on the 14-day chart is 46.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.76%. Stochastics %K at 13.02% indicates the stock is a buying.
The most recent change occurred on September 13, 2023 when TD Cowen began covering the stock and recommended ‘”a Market perform”‘ rating along with a $87 price target.
