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 $0.51 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 $2.32 million.
Argus downgraded its McCormick & Co., Inc [MKC] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. Jefferies also remained covering MKC and has increased its forecast on December 09, 2024 with a “Buy” recommendation from previously “Hold” rating. Citigroup revised its rating on June 12, 2024. It rated MKC as “a Neutral” which previously was an “a Sell”.
Price Performance Review of MKC
On Tuesday, McCormick & Co., Inc [NYSE:MKC] saw its stock fall -0.07% to $82.25. Over the last five days, the stock has gained 2.52%. McCormick & Co., Inc shares have risen nearly 7.88% since the year began. Nevertheless, the stocks have risen 7.08% 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 $79.53, while 200 days put it at $77.79.
Levels Of Support And Resistance For MKC Stock
The 24-hour chart illustrates a support level at 81.16, which if violated will result in even more drops to 80.08. On the upside, there is a resistance level at 83.09. A further resistance level may holdings at 83.94. The Relative Strength Index (RSI) on the 14-day chart is 56.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.78%. Stochastics %K at 80.00% 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 2025-03-14, dropping by 65437.0 shares to a total of 6.02 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 6.08 million shares. There was a decline of -1.09%, which implies that there is a negative sentiment for the stock.
