Where Will McCormick & Company, Incorporated (MKC) Stock Go Next After It Has Gained 1.50% in a Week?

The market has been high on McCormick & Company, Incorporated (MKC) stock recently. MKC gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

McCormick & Company, Incorporated has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MKC!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With MKC Stock Today?

McCormick & Company, Incorporated (MKC) stock is down -0.88% while the S&P 500 is higher by 0% as of 10:53 AM on Wednesday, Jan 19. MKC has fallen -$0.86 from the previous closing price of $97.50 on volume of 248,425 shares. Over the past year the S&P 500 has gained 20.49% while MKC is higher by 3.90%. MKC earned $2.81 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 34.39.

More About McCormick & Company, Incorporated

In its 130-year history, McCormick has grown to become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. McCormick's customer base includes top quick-service restaurants, retail grocery chains, and other packaged food manufacturers, with about 40% of sales generated beyond its home turf to include 150 other countries and territories. Beyond its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and the recently acquired Cholula brand. Click Here to get the full Stock Report for McCormick & Company, Incorporated stock.