Why McCormick's Stock Is Trading Lower Today

McCormick & Co MKC shares are trading lower on Monday after the company filed for a mixed shelf offering. The size of the offering is still not disclosed.

McCormick is an American food company that manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavoring products for the industrial, restaurant, institutional, and home markets.

McCormick shares were trading down 5.09% at $146.45 on Monday. The stock has a 52-week high of $174.58 and a 52-week low of $112.22.