Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Middleby Corp shares valued at $81,755 were sold by Palisi Chapin Sarah on Mar 03 ’25. At $163.51 per share, Palisi Chapin Sarah sold 500 shares. The insider’s holdings dropped to 6,111 shares worth approximately $0.94 million following the completion of this transaction.
Also, McCarthy Cathy L sold 500 shares, netting a total of over 71,095 in proceeds. Following the sale of shares at $142.19 each, the insider now holds 8,611 shares.
Before that, McCarthy Cathy L had added 500 shares to its account. In a trade valued at $70,500, the Director bought Middleby Corp shares for $141.00 each.
As published in a research note from Jefferies on December 12, 2024, Middleby Corp [MIDD] has been rated down from a Buy to a Hold and the price target has been revised to $160 from $170. Analysts at Raymond James started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in late June. As of May 22, 2024, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for MIDD. Earlier on November 17, 2022, Canaccord Genuity initiated its rating. Their recommendation was “a Buy” for MIDD stock.
Analyzing MIDD Stock Performance
During the last five days, there has been a surge of approximately 4.23%. Over the course of the year, Middleby Corp shares have jumped approximately 13.64%. Shares of the company reached a 52-week high of $182.73 on 02/25/25 and a 52-week low of $132.23 on 01/08/25. A 50-day SMA is recorded $158.44, while a 200-day SMA reached $140.67.
Support And Resistance Levels for Middleby Corp (MIDD)
According to the 24-hour chart, there is a support level at 151.74, which, if violated, would cause prices to drop to 149.56. In the upper region, resistance lies at 156.23. The next price resistance is at 158.54. RSI (Relative Strength Index) is 43.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.58, which suggests the price will decrease in the coming days. Percent R is at 67.74%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
