McCormick & Company Incorporated (MKC) : Traders are bullish on McCormick & Company Incorporated (MKC) as it has outperformed the S&P 500 by a wide margin of 1.67% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.05%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.55% in the last 1 week, and is up 1.54% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.4% and the 50-Day Moving Average is 0.93%.The 200 Day SMA reached 8.36%. McCormick & Company, Incorporated is up 4.87% in the last 3-month period. Year-to-Date the stock performance stands at 20.05%.
McCormick & Company Incorporated (NYSE:MKC): After opening at $101.33, the stock dipped to an intraday low of $101.27 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $102.03 and the buying power remained strong till the end. The stock closed at $101.86 for the day, a gain of 0.69% for the day session. The total traded volume was 429,585. The stocks close on the previous trading day was $101.16.
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.