The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Middleby Corp shares valued at $20,279,599 were purchased by GARDEN EDWARD P on May 21 ’25. At $148.03 per share, GARDEN EDWARD P acquired 137,000 shares. The insider’s holdings grew to 3,276,834 shares worth approximately $480.74 million following the completion of this transaction.
Also, GARDEN EDWARD P purchased 37,473 shares, netting a total of over 5,560,993 in proceeds. Following the buying of shares at $148.40 each, the insider now holds 3,125,736 shares.
Before that, GARDEN EDWARD P had added 13,477 shares to its account. In a trade valued at $2,011,127, the Director bought Middleby Corp shares for $149.23 each. Upon closing the transaction, the insider’s holdings increased to 13,477 shares, worth approximately $460.55 million.
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 drop of approximately -0.73%. Over the course of the year, Middleby Corp shares have jumped approximately 8.31%. Shares of the company reached a 52-week high of $182.73 on 02/25/25 and a 52-week low of $121.70 on 04/21/25.
Support And Resistance Levels for Middleby Corp (MIDD)
According to the 24-hour chart, there is a support level at 145.33, which, if violated, would cause prices to drop to 143.94. In the upper region, resistance lies at 148.91. The next price resistance is at 151.10. RSI (Relative Strength Index) is 51.73 on the 14-day chart, showing neutral technical sentiment.
