McCormick & Co., Inc’s recently made public that its Director PRESTON MARGARET M V unloaded Company’s shares for reported $2.16 million on Feb 13 ’25. In the deal valued at $77.03 per share,28,092 shares were sold. As a result of this transaction, PRESTON MARGARET M V now holds 6,177 shares worth roughly $0.5 million.
Then, Kurzius Lawrence Erik sold 50,000 shares, generating $3,840,320 in total proceeds. Upon selling the shares at $76.81, the Director now owns 276,895 shares.
Before that, Tapiero Jacques sold 5,000 shares. McCormick & Co., Inc shares valued at $386,702 were divested by the Director at a price of $77.34 per share. As a result of the transaction, Tapiero Jacques now holds 28,217 shares, worth roughly $2.29 million.
TD Cowen upgraded its McCormick & Co., Inc [MKC] rating to a Buy from a a Hold in a research note published on January 08, 2025; the price target was increased to $90 from $86. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early December from “a Hold” to “a Buy”. Citigroup also remained covering MKC and has increased its forecast on June 12, 2024 with a “Neutral” recommendation from previously “Sell” rating. Argus revised its rating on April 02, 2024. It rated MKC as “a Buy” which previously was an “a Hold”.
Price Performance Review of MKC
On Tuesday, McCormick & Co., Inc [NYSE:MKC] saw its stock fall -0.68% to $81.30. Over the last five days, the stock has lost -2.26%. McCormick & Co., Inc shares have risen nearly 6.64% since the year began. Nevertheless, the stocks have risen 19.59% over the past one year. While a 52-week high of $86.24 was reached on 03/10/25, a 52-week low of $66.88 was recorded on 01/13/25. SMA at 50 days reached $77.94, while 200 days put it at $77.22.
Levels Of Support And Resistance For MKC Stock
The 24-hour chart illustrates a support level at 80.86, which if violated will result in even more drops to 80.41. On the upside, there is a resistance level at 81.91. A further resistance level may holdings at 82.51. The Relative Strength Index (RSI) on the 14-day chart is 52.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.65%. Stochastics %K at 25.34% 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 2025-02-28, growing by 0.86 million shares to a total of 6.57 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 5.72 million shares. There was a rise of 13.02%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 01, 2024 when Citigroup began covering the stock and recommended ‘”a Sell”‘ rating along with a $60 price target.
