Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. McCormick & Co., Inc. shares valued at $128,326 were sold by Jenkins Katherine on Apr 22 ’24. At $74.35 per share, Jenkins Katherine sold 1,726 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, LITTLE PATRICIA A sold 20,000 shares, netting a total of over 1,511,445 in proceeds. Following the sale of shares at $75.57 each, the insider now holds 24,732 shares.
Before that, Montiel Maritza Gomez had sold 7,000 shares from its account. In a trade valued at $538,986, the Director traded McCormick & Co., Inc. shares for $77.00 each. Upon closing the transaction, the insider’s holdings decreased to 7,000 shares, worth approximately $0.42 million.
As published in a research note from Argus on April 02, 2024, McCormick & Co., Inc. [MKC] has been rated up from a Hold to a Buy. Analysts at Citigroup started covering the stock with ‘”a Sell”‘ outlook in a report released in early February. As of January 22, 2024, Consumer Edge Research has decreased its “an Overweight” rating to a “an Equal weight” for MKC. Earlier on September 22, 2023, HSBC Securities initiated its rating. Their recommendation was “a Hold” for MKC stock.
Analyzing MKC Stock Performance
During the last five days, there has been a surge of approximately 1.35%. Over the course of the year, McCormick & Co., Inc. shares have jumped approximately 10.44%. Shares of the company reached a 52-week high of $78.41 on 04/02/24 and a 52-week low of $63.88 on 01/18/24. A 50-day SMA is recorded $72.71, while a 200-day SMA reached $71.69. Nevertheless, trading volume fell to 1.33 million shares from 1.51 million shares the previous day.
Support And Resistance Levels for McCormick & Co., Inc. (MKC)
According to the 24-hour chart, there is a support level at 75.10, which, if violated, would cause prices to drop to 74.64. In the upper region, resistance lies at 76.43. The next price resistance is at 77.30. RSI (Relative Strength Index) is 56.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.42, which suggests the price will decrease in the coming days. Percent R is at 32.13%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
