McCormick & Company Incorporated (MKC) Shares are Up 3.32%

McCormick & Company Incorporated (MKC) has been under a strong bear grip, hence the stock is down -1.37% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.15% in the past 1 week. The stock has risen by 3.32% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.9% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1.96% and the 50-Day Moving Average is 0.36%.The 200 Day SMA reached 4.85%

McCormick

McCormick & Company Incorporated (NYSE:MKC): After opening at $100.04, the stock dipped to an intraday low of $98.69 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $100.83 and the buying power remained strong till the end. The stock closed at $99.92 for the day, a gain of 2.60% for the day session. The total traded volume was 2,215,726. The stocks close on the previous trading day was $99.92.

McCormick & Company Incorporated (MKC) : The most positive equity analysts on McCormick & Company Incorporated (MKC) expects the shares to touch $112, whereas, the least positive believes that the stock will trade at $95 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $103 with an expected fluctuation of $6.25 from the mean.

McCormick & Company, Incorporated manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the food industry. The Company has two business segments: consumer and industrial. Under the Consumer segment, its brands in the Americas include McCormick, Lawrys and Club House. It also markets ethnic brands, such as Zatarains, Thai Kitchen and Simply Asia. In Europe, the Middle East and Africa (EMEA), its brands include the Ducros, Schwartz and Kamis brands of spices, herbs and seasonings, and a line of Vahine brand dessert items. In the Asia/Pacific region, it markets products under the McCormick and DaQiao brands. In Australia, it markets products under the McCormick brand. In India, its majority-owned joint venture owns and trades under the Kohinoor brand. In the industrial business segment, it offers seasoning blends, spices and herbs, condiments, coating systems and compound flavors to food manufacturers and foodservice customers.

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