McCormick & Co., Inc.’s filing revealed that its Director Montiel Maritza Gomez unloaded Company’s shares for reported $0.75 million on Aug 15 ’24. In the deal valued at $76.84 per share,9,816 shares were sold. As a result of this transaction, Montiel Maritza Gomez now holds 5,594 shares worth roughly $0.45 million.
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Then, Kurzius Lawrence Erik sold 25,000 shares, generating $1,875,000 in total proceeds. Upon selling the shares at $75.00, the Director now owns 0 shares.
Before that, Kurzius Lawrence Erik sold 80,000 shares. McCormick & Co., Inc. shares valued at $5,900,024 were divested by the Director at a price of $73.75 per share. As a result of the transaction, Kurzius Lawrence Erik now holds 199,258 shares, worth roughly $16.06 million.
Citigroup upgraded its McCormick & Co., Inc. [MKC] rating to a Neutral from a a Sell in a research note published on June 12, 2024; the price target was increased to $69 from $68. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in early April from “a Hold” to “a Buy”. Citigroup began covering MKC with “Sell” recommendation on February 01, 2024. Consumer Edge Research revised its rating on January 22, 2024. It rated MKC as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of MKC
On Friday, McCormick & Co., Inc. [NYSE:MKC] saw its stock fall -0.35% to $80.61. Over the last five days, the stock has lost -3.16%. McCormick & Co., Inc. shares have risen nearly 17.82% since the year began. Nevertheless, the stocks have risen 17.83% over the past one year. While a 52-week high of $85.49 was reached on 09/16/24, a 52-week low of $59.13 was recorded on 01/18/24. SMA at 50 days reached $80.34, while 200 days put it at $72.95.
Levels Of Support And Resistance For MKC Stock
The 24-hour chart illustrates a support level at 80.05, which if violated will result in even more drops to 79.49. On the upside, there is a resistance level at 80.98. A further resistance level may holdings at 81.36. The Relative Strength Index (RSI) on the 14-day chart is 43.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.14%. Stochastics %K at 14.15% indicates the stock is a buying.
How much short interest is there in McCormick & Co., Inc.?
A steep rise in short interest was recorded in McCormick & Co., Inc. stocks on 2024-09-13, dropping by -1.29 million shares to a total of 5.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 6.95 million shares. There was a decline of -22.89%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 22, 2023 when HSBC Securities began covering the stock and recommended ‘”a Hold”‘ rating along with a $86 price target.
