Why McCormick Stock Was Moving Higher Today
Shares of McCormick (NYSE: MKC), the king of the spice aisle, were moving higher today after the company posted better-than-expected results on the bottom line in its fourth-quarter earnings report.
While guidance for 2024 implied weak growth, the stock had fallen to multiyear lows in October following its third-quarter earnings report, showing that expectations were low coming into the report.
As a result, the stock was up 3.6% as of 10:29 a.m. ET.
Source Fool.com
Mccormick & Comp. Stock
€70.00
-0.600%
With 3 Buy predictions and 3 Sell predictions the community is currently undecided on Mccormick & Comp..
A slightly negative potential of -11.43% at a current price of 70.0 € for Mccormick & Comp. is the result of a target price of 62 €.
