Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. McCormick & Co., Inc shares valued at $386,702 were sold by Tapiero Jacques on Nov 11 ’24. At $77.34 per share, Tapiero Jacques sold 5,000 shares. The insider’s holdings dropped to 28,217 shares worth approximately $2.07 million following the completion of this transaction.
Also, MANGAN MICHAEL D sold 5,000 shares, netting a total of over 395,000 in proceeds. Following the sale of shares at $79.00 each, the insider now holds 40,436 shares.
Before that, Tapiero Jacques had sold 5,000 shares from its account. In a trade valued at $391,672, the Director traded McCormick & Co., Inc shares for $78.33 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $2.07 million.
As published in a research note from TD Cowen on January 08, 2025, McCormick & Co., Inc [MKC] has been rated up from a Hold to a Buy and the price target has been revised to $90 from $86. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early December. As of June 12, 2024, Citigroup has increased its “Sell” rating to a “Neutral” for MKC. Earlier on April 02, 2024, Argus upgraded its rating. Their new recommendation was “a Buy” for MKC stock which previously was a “a Hold”.
Analyzing MKC Stock Performance
During the last five days, there has been a surge of approximately 1.88%. Over the course of the year, McCormick & Co., Inc shares have dropped approximately -3.93%. Shares of the company reached a 52-week high of $77.00 on 01/02/25 and a 52-week low of $70.05 on 01/13/25. A 50-day SMA is recorded $76.71, while a 200-day SMA reached $76.25. Nevertheless, trading volume fell to 2.03 million shares from 3.58 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 72.75, which, if violated, would cause prices to drop to 72.25. In the upper region, resistance lies at 74.13. The next price resistance is at 75.01. RSI (Relative Strength Index) is 40.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.09, which suggests the price will decrease in the coming days. Percent R is at 54.10%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
