MKC Heats Up Ahead of Q3 Earnings Report

The shares of McCormick & Company, Incorporated (NYSE:MKC) are up 1.8% to trade at $195.21 at last check, just one day ahead of the company’s third-quarter earnings report, which is due out before the open on Tuesday, Sept. 29. Below, we will take a look at how the equity has performed on the charts as of late, and explore some of the options activity surrounding McCormick stock ahead of the event. 

MKC has recovered in spectacular fashion since bottoming out to a two-year low of $112.23 during the mid-March pullback, notching all-time high close of $209.78 on Sep. 3. The equity has taken a breather since this high, pulling back below the  $200 mark, which provided a floor in August and early September. MKC’s 100-day moving average captured most of this pullback, however, and longer term, McCormick stock sports a 25.3% year-over-year lead. 

MKC Chart September 28
MKC Chart September 28

In the options

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