Middleby Corp’s recent filing unveils that its Director McCarthy Cathy L unloaded Company’s shares for reported $71095.0 on Nov 07 ’24. In the deal valued at $142.19 per share,500 shares were sold. As a result of this transaction, McCarthy Cathy L now holds 8,611 shares worth roughly $1.46 million.
Then, McCarthy Cathy L bought 500 shares, generating $70,500 in total proceeds.
Before that, Palisi Chapin Sarah sold 250 shares. Middleby Corp shares valued at $33,908 were divested by the Director at a price of $135.63 per share. As a result of the transaction, Palisi Chapin Sarah now holds 6,611 shares, worth roughly $1.12 million.
Jefferies downgraded its Middleby Corp [MIDD] rating to a Hold from a a Buy in a research note published on December 12, 2024; the price target was decreased to $160 from $170. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late June with a ‘”a Mkt perform”‘ rating. JP Morgan also remained covering MIDD and has decreased its forecast on May 22, 2024 with a “an Underweight” recommendation from previously “Neutral” rating. Canaccord Genuity started covering the stock on November 17, 2022. It rated MIDD as “a Buy”.
Price Performance Review of MIDD
On Tuesday, Middleby Corp [NASDAQ:MIDD] saw its stock jump 0.65% to $169.25. Over the last five days, the stock has lost -1.37%. Middleby Corp shares have risen nearly 24.95% since the year began. Nevertheless, the stocks have risen 12.21% over the past one year. While a 52-week high of $177.90 was reached on 02/25/25, a 52-week low of $118.41 was recorded on 01/08/25. SMA at 50 days reached $151.33, while 200 days put it at $138.48.
Levels Of Support And Resistance For MIDD Stock
The 24-hour chart illustrates a support level at 162.77, which if violated will result in even more drops to 156.28. On the upside, there is a resistance level at 179.23. A further resistance level may holdings at 189.21. The Relative Strength Index (RSI) on the 14-day chart is 64.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.13%. Stochastics %K at 49.74% indicates the stock is a holding.
The most recent change occurred on August 26, 2022 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating along with a $190 price target.
