KD Logo

Recent Insider Activity Could Benefit McCormick & Co., Inc. (MKC)

McCormick & Co., Inc.’s recent filing unveils that its Chief Growth Officer Jenkins Katherine unloaded Company’s shares for reported $0.13 million on Apr 22 ’24. In the deal valued at $74.35 per share,1,726 shares were sold. As a result of this transaction, Jenkins Katherine now holds 0 shares worth roughly $0.0.

Then, LITTLE PATRICIA A sold 20,000 shares, generating $1,511,445 in total proceeds. Upon selling the shares at $75.57, the Director now owns 24,732 shares.

Before that, Montiel Maritza Gomez sold 7,000 shares. McCormick & Co., Inc. shares valued at $538,986 were divested by the Director at a price of $77.00 per share. As a result of the transaction, Montiel Maritza Gomez now holds 5,594 shares, worth roughly $0.43 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 -0.30% to $76.06. Over the last five days, the stock has gained 1.39%. McCormick & Co., Inc. shares have risen nearly 11.17% since the year began. Nevertheless, the stocks have fallen -13.42% 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 $71.80, while 200 days put it at $72.04. A total of 3.02 million shares were traded, compared to the trading of 1.4 million shares in the previous session.

Levels Of Support And Resistance For MKC Stock

The 24-hour chart illustrates a support level at 75.39, which if violated will result in even more drops to 74.72. On the upside, there is a resistance level at 76.60. A further resistance level may holdings at 77.14. The Relative Strength Index (RSI) on the 14-day chart is 62.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.16%. Stochastics %K at 84.24% indicates the stock is a selling.

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.

Most Popular

[the_ad id="945"]