McCormick & Co., Inc’s recently made public 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 $2.1 million.
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 $2.1 million.
Jefferies upgraded its McCormick & Co., Inc [MKC] rating to a Buy from a a Hold in a research note published on December 09, 2024; the price target was increased to $91 from $85. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in mid June from “a Sell” to “a Neutral”. Argus also remained covering MKC and has increased its forecast on April 02, 2024 with a “Buy” recommendation from previously “Hold” rating. Citigroup started covering the stock on February 01, 2024. It rated MKC as “a Sell”.
Price Performance Review of MKC
On Tuesday, McCormick & Co., Inc [NYSE:MKC] saw its stock jump 0.26% to $74.32. Over the last five days, the stock has lost -1.50%. McCormick & Co., Inc shares have fallen nearly -2.52% since the year began. Nevertheless, the stocks have risen 10.53% over the past one year. While a 52-week high of $85.49 was reached on 01/02/25, a 52-week low of $63.88 was recorded on 01/07/25. SMA at 50 days reached $77.65, while 200 days put it at $76.36.
Levels Of Support And Resistance For MKC Stock
The 24-hour chart illustrates a support level at 73.77, which if violated will result in even more drops to 73.21. On the upside, there is a resistance level at 75.04. A further resistance level may holdings at 75.75. The Relative Strength Index (RSI) on the 14-day chart is 32.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.58%. Stochastics %K at 6.22% 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 2024-12-13, growing by 0.43 million shares to a total of 5.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 4.91 million shares. There was a rise of 8.12%, which implies that there is a positive sentiment for the stock.
