On a relative basis, the stock has outperformed the S&P 500 by 5.46% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.03% in the last 1 week, and is up 7.16% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 32.70% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $107.84 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $100.39 and the 200 Day Moving Average price is recorded at $93.92.
The stock has recorded a 20-day Moving Average of 5.15% and the 50-Day Moving Average is 8.78%.
McCormick & Company Incorporated (NYSE:MKC): stock turned positive on Friday. Though the stock opened at $106.19, the bulls momentum made the stock top out at $107.03 level for the day. The stock recorded a low of $105.16 and closed the trading day at $106.96, in the green by 0.99%. The total traded volume for the day was 868,341. The stock had closed at $105.91 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Little Patricia A, director of Mccormick & Co Inc, had unloaded 3,750 shares at an average price of $107.22 in a transaction dated on July 5, 2016. The total value of the transaction was worth $402,075.
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.