Middleby Corp’s recent filing unveils that its Director GARDEN EDWARD P acquired Company’s shares for reported $37.3 million on May 13 ’25. In the deal valued at $149.59 per share,249,339 shares were bought. As a result of this transaction, GARDEN EDWARD P now holds 3,088,263 shares worth roughly $462.96 million.
Then, GARDEN EDWARD P bought 203,058 shares, generating $28,252,057 in total proceeds. Upon buying the shares at $139.13, the Director now owns 2,838,924 shares.
Before that, MILLER JOHN R III bought 4,895 shares. Middleby Corp shares valued at $706,646 were divested by the Director at a price of $144.36 per share.
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 2.05% to $149.91. Over the last five days, the stock has gained 10.73%. Middleby Corp shares have risen nearly 10.68% since the year began. Nevertheless, the stocks have risen 10.00% over the past one year. While a 52-week high of $182.73 was reached on 02/25/25, a 52-week low of $118.41 was recorded on 04/21/25. SMA at 50 days reached $143.20, while 200 days put it at $143.14.
Levels Of Support And Resistance For MIDD Stock
The 24-hour chart illustrates a support level at 147.88, which if violated will result in even more drops to 145.84. On the upside, there is a resistance level at 150.95. A further resistance level may holdings at 151.98. The Relative Strength Index (RSI) on the 14-day chart is 63.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.18%. Stochastics %K at 93.75% indicates the stock is a selling.
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.
