McCormick & Co., Inc’s filing revealed that its Director Tapiero Jacques unloaded Company’s shares for reported $0.39 million on Nov 11 ’24. In the deal valued at $77.34 per share,5,000 shares were sold. As a result of this transaction, Tapiero Jacques now holds 28,217 shares worth roughly $2.2 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, MANGAN MICHAEL D sold 5,000 shares, generating $395,000 in total proceeds. Upon selling the shares at $79.00, the Director now owns 40,436 shares.
Before that, Tapiero Jacques sold 5,000 shares. McCormick & Co., Inc shares valued at $391,672 were divested by the Director at a price of $78.33 per share. As a result of the transaction, Tapiero Jacques now holds 28,217 shares, worth roughly $2.2 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 Tuesday, McCormick & Co., Inc [NYSE:MKC] saw its stock jump 0.69% to $77.81. Over the last five days, the stock has gained 3.32%. McCormick & Co., Inc shares have risen nearly 13.72% since the year began. Nevertheless, the stocks have risen 19.82% over the past one year. While a 52-week high of $85.49 was reached on 09/16/24, a 52-week low of $63.67 was recorded on 01/18/24. SMA at 50 days reached $79.33, while 200 days put it at $74.99.
Levels Of Support And Resistance For MKC Stock
The 24-hour chart illustrates a support level at 77.19, which if violated will result in even more drops to 76.58. On the upside, there is a resistance level at 78.26. A further resistance level may holdings at 78.72. The Relative Strength Index (RSI) on the 14-day chart is 51.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.54%. Stochastics %K at 77.26% indicates the stock is a holding.
How much short interest is there in McCormick & Co., Inc?
A steep rise in short interest was recorded in McCormick & Co., Inc stocks on 2024-11-15, growing by 0.27 million shares to a total of 4.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.67 million shares. There was a rise of 5.54%, which implies that there is a positive 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.
